Which of the following statements is accurate?
a. When unplanned inventory changes are positive, GDP is below its equilibrium value
b. When unplanned inventory changes are negative, GDP is above its equilibrium value
c. When unplanned inventory changes are positive, GDP is at its equilibrium value
d. When unplanned inventory changes are negative, GDP is below its equilibrium value
e. None of the above
D
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Which is the best approach to analyzing migration in the long run?
a. the specificfactors model with no resource mobility across borders b. the specificfactors model with free movement of labor across borders c. the HeckscherOhlin model with free movement of labor across borders d. the HeckscherOhlin model with no resource mobility across borders
The most important reason for the increasing prominence of the corporation was:
a. protection from creditors. b. that some businesses required more capital than one person or a few people could provide. c. the use of "double liability." d. None of the above