In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:

In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is unchanged.
b. inventory is depleted.
c. employment increases.
d. GDP decreases.

QUESTION 2

Which of the following is not a store of value?
a. Dollar bills.
b. Credit card.
c. Coins.
d. Gold.

QUESTION 3

An increase in the value of the dollar in international exchange rate markets will cause the relative price of U.S. produced goods to foreigners to rise, the relative price of foreign produced goods to Americans to fall, causing U.S. exports to fall and U.S. imports to rise.
a. True
b. False
Indicate whether the statement is true or false

QUESTION 4

In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is depleted.
b. inventory is unchanged.
c. employment decreases.
d. employment increases.

QUESTION 5

The statement that Computech's profits totaled 500 million last year represents the use of money as a:
a. medium of exchange.
b. store of value.
c. unit of account.
d. means of coincidence.

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In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:

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