Figure 9-3
?
In Figure 9-3, at $3,000 billion GDP,
A. inventories will be falling, signaling businesses to decrease production.
B. inventories will be falling, signaling businesses to increase production.
C. planned saving increases planned investment.
D. inventories will be accumulating, signaling businesses to increase production.
Answer: B
You might also like to view...
The percentage change in the quantity supplied of a good or service when its price changes by one percent is:
A. income elasticity of supply. B. cross-price elasticity. C. price elasticity of supply. D. price elasticity of demand.
Even if a market is not competitive, the firms in the market may behave competitively if
A. The market is regulated. B. There are economies of scale. C. Potential competition exists. D. A natural monopoly exists.
The study of an individual's choice about what type of computer to buy is a subject of
A. microeconomics. B. an aggregate concept. C. macroeconomics. D. not a concern for economic analysis.
Refer to the below table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit were applied to imports of the product, then the tariff would generate government revenues of:
A. $600
B. $400
C. $800
D. $1,200