When total planned expenditures are more than real GDP, there will be inventory accumulation
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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As a firm increases its output, its average total cost decreases. This is an outcome of:
A) the Law of Demand. B) economies of scale. C) diseconomies of scale. D) the Law of Diminishing Returns.
Economics
The Great Depression is still the subject of controversy, including the question(s) of
(a) what caused the initial downturn. (b) why the economy contracted for so long (1929 to 1932) and why it contracted so much (real GNP fell about 30%). (c) whether government policy helped or hindered the recovery attempt. (d) all of the above.
Economics