In the Keynesian model, a build-up of unwanted inventories leads to
A) rising interest rates.
B) falling unemployment.
C) falling output.
D) falling money wages.
C
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Most corn produced in the United States is used for animal feed. The demand for corn is inelastic. These facts mean that
A) there are many substitutes for corn in feeding animals. B) there are few substitutes for corn in feeding animals. C) there are no substitutes for corn in feeding animals. D) animals are not buying the corn themselves, so we cannot learn anything from these facts.
In Porter's Five Competitive Forces model, "competition from substitute goods or services" refers to
A) substitute products that come from outside the industry. B) substitute products that come from foreign competitors in the same industry. C) substitute products that come from domestic competitors in the same industry. D) competition from producers of substitutes who outsource their production.