A recession is a period during which
a. aggregate demand, production, and unemployment rises.
b. aggregate demand, production, and unemployment falls.
c. aggregate demand, production, and unemployment remain the same.
d. aggregate demand and production rises while unemployment remains the same.
e. aggregate demand and production falls while unemployment rises.
e
Economics
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Holdings of partially finished components involve inventories of ________
A) Tobin's q B) work in process C) production smoothing D) stock-out components
Economics
In the short run with predetermined prices, when output is less than planned aggregate expenditure, firms will:
A. decrease planned aggregate expenditure. B. increase planned aggregate expenditure. C. increase production. D. reduce production.
Economics