Declines in business inventories enter national income accounts:
a. negatively in the consumption category.
b. negatively in the investment category.
c. negatively in the net export category
d. positively in the profits category.
b
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A safety measure whose benefits outweigh its costs is called a ________
Fill in the blank(s) with correct word
When the price level is rising at ______ and the real interest rate is 1 per-cent a year, the nominal interest rate is 3 percent a year
A. 4 percent a year B. 3 percent a year C. 2 percent a year D. 1 percent a year
If a small country were to levy a tariff on its imports then this would
A) decrease the country's economic welfare. B) have no effect on that country's economic welfare. C) increase the country's economic welfare. D) change the terms of trade. E) raise prices on its exports in other countries.
Is the Taylor rule the specific formula followed by the FOMC? Explain.
What will be an ideal response?