Business inventories increase when firms produce:
A. More than they sell, and the inventory increase is added to GDP
B. Less than they sell, and the inventory increase is added to GDP
C. More than they sell, and the inventory increase is subtracted from GDP
D. Less than they sell, and the inventory increase is subtracted from GDP
A. More than they sell, and the inventory increase is added to GDP
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Debit cards and e-checks are not money because
A) they can be forged easily. B) they can fail their purpose of being mediums of exchange as a result of technical difficulties. C) they are just instruments to transfer money between people. D) not all banks offer them and not all businesses accept them. E) they are not regulated by the government.
In the United States, the lender of last resort is
A) Fannie Mae. B) the Federal Reserve. C) the Federal Deposit Insurance Corporation. D) Securities and Exchange Commission.