If real Gross Domestic Product (GDP) is $6 trillion, then unplanned business inventories will
A) rise.
B) be zero.
C) fall.
D) be equal to planned inventories.
Answer: C) fall.
Economics
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According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause
A. prices to rise and output to remain unchanged. B. prices to fall and output to fall. C. prices to rise and output to rise. D. prices to fall and output to remain unchanged.
Economics
A firm that holds a monopoly in both goods stands to gain from a tie-in sale
A) True. B) False. C) True, which is why anti-trust laws exist. D) False, there are no dual monopolies.
Economics