Inventory investment consists of
A) construction expenditures, raw materials, and inventories of finished goods.
B) goods in process, raw materials, and purchases of office machinery.
C) raw materials, goods in process, and construction expenditures.
D) inventories of finished goods, goods in process, and raw materials.
D
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The most efficient market structure in the long run is
A. perfect competition. B. monopolistic competition. C. oligopoly. D. monopoly.
An inflationary gap is the amount by which
A. the short-run equilibrium level of nominal GDP is above the short-run level of real GDP. B. total planned production exceeds total planned real expenditures in the long run. C. the short-run equilibrium level of nominal GDP is below the short-run level of real GDP. D. the short-run equilibrium level of real GDP is above the full-employment level of real GDP.