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Author Question: When aggregate planned expenditure exceeds real GDP, there is A) a planned increase in ... (Read 121 times)

cool

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on: Jun 29, 2018
When aggregate planned expenditure exceeds real GDP, there is
 
  A) a planned increase in inventories.
  B) a planned decrease in inventories.
  C) an unplanned decrease in inventories.
  D) an unplanned increase in inventories.
  E) an unplanned decrease in the price level.

Question 2

Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is
 
  A) 2 trucks.
  B) 1 automobile.
  C) 1/2 of a truck.
  D) 3 trucks.
  E) 6 automobiles - 3 trucks.


mjbamaung

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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cool

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Reply #2 on: Jun 29, 2018
Thank you :)


mjbamaung

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Reply #3 on: Jun 29, 2018
Happy to help you


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