Force that encourages people to start businesses and attempt to improve their material well-being

Minimum-wage laws affect all workers

a. True b. False Indicate whether the statement is true or false

Which of the following statements is true?

A) When TP = TE (total production = total expenditures), the economy is necessarily producing Natural Real GDP. B) When TP is greater than TE, inventory levels unexpectedly fall. C) When TE is greater than TP, inventory levels unexpectedly rise. D) b and c E) none of the above