In the short-run macro model, if firms produce more output than they sell, those firms will
a. increase the prices of their products
b. decrease their output
c. increase their output
d. cut back on their consumption spending
e. increase the prices of their products and reduce the amount of output they produce
B
Economics
You might also like to view...
Vaccinations tend to result in a negative externality
Indicate whether the statement is true or false
Economics
An appeal to consumers to purchase union-made products represents an attempt to
a. increase the supply of union labor b. increase the demand for union labor c. decrease the supply of union labor d. decrease the quantity demanded of union labor e. decrease the demand for union labor
Economics