The data in the above table indicate that when the price level is 120
A) firms have unexpectedly low inventories, so prices will rise.
B) inventories are at levels planned by firms.
C) firms will plan to increase the level of output.
D) firms have unexpectedly high inventories, so prices fall.
D
Economics
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In the above figure, if aggregate demand does not change, the long-run equilibrium will be at the price level of ________ and real GDP of ________
A) 100; $15.5 trillion B) 120; $16 trillion C) 100; $16 trillion D) 110; $15.5 trillion
Economics
Vertical integration often aims to
a. Prevent the retailers from defeating upstream price discrimination through arbitrage b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Avoid paying higher taxes d. All of the above
Economics