Refer to the above figure. If real Gross Domestic Product (GDP) is $6 trillion, then unplanned business inventories will
A. rise.
B. fall.
C. be equal to planned inventories.
D. be zero.
Answer: B
You might also like to view...
Refer to Figure 14.3. To maximize the number of workers hired, the labor union will agree to wage rate:
A) W0. B) W1. C) W2. D) W3. E) none of the above
Which of the following can be classified as a highly specific asset?
a. A country's soldiers b. A wind turbine in an installation that produces "renewable" electricity c. A cattle farm d. A cruise ship
If you believe that government intervention to achieve full employment without inflation can be effective, you are a member in good standing in the
a. Phillips school b. classical school c. Keynesian school d. neo-Keynesian school e. rational expectations school
Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?
A. Australia. B. Norway. C. The United Kingdom. D. Japan.