The food processing industry in Richland accounts for 20% of its GDP
Which of the following will happen if firms in this industry become pessimistic about the future demand for their products? Assume that consumption and government expenditure remains unchanged.
A) Richland's unemployment rate will fall. B) Richland's interest rate will increase.
C) Richland's inflation rate will increase. D) Richland's GDP will fall.
D
You might also like to view...
Which of the following is true of central banks?
A) They are responsible for issuing currency. B) They control the amount of money in circulation. C) They have considerable influence over the level of interest rates. D) all of the above
Game theory focuses on
a. strategic behavior among interdependent firms b. professional athletic events c. competition between the players in board games d. competition between those in the political arena and those in the market place e. the interaction between firms in a competitive industry and those in a non-competitive industry