A newspaper article informs you that most businesses reduced production in the last quarter but also sold from their inventories during the last quarter. Based on this information GDP likely
a. increased.
b. decreased.
c. stayed the same.
d. may have increased, decreased, or stayed the same.
b
Economics
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Keynes advocated the use of taxation and government spending to influence the level of GDP in the short run
Indicate whether the statement is true or false
Economics
If consumers receive an increase in income of $1,000 . their spending will increase by a smaller amount
a. True b. False Indicate whether the statement is true or false
Economics