Inventories refer to
What will be an ideal response?
goods that have never been produced but not yet sold
Economics
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The interaction of supply and demand explains
A) the prices of goods and services but not their quantities. B) the quantities of goods and services but not their prices. C) both the prices and the quantities of goods and services. D) neither the prices nor the quantities of goods and services.
Economics
If the economy is in a recessionary gap,
A) Real GDP is greater than Natural Real GDP. B) Real GDP is equal to Natural Real GDP. C) Real GDP is less than Natural Real GDP. D) the (actual) unemployment rate is less than the natural unemployment rate. E) a and d
Economics