In Figure 3-6 above, at point J
A) there is unplanned inventory investment.
B) there is unplanned inventory disinvestment.
C) there is no change in inventory levels.
D) intended and unintended inventory investment are equal.
A
You might also like to view...
There are two coal-burning electrical utilities—one in tiny, rural Wanunu, Montana, and another in metropolitan Detroit, Michigan—and each produces the same amount of pollution per unit of output
If a permit tax is going to be used to force these firms to internalize pollution costs, the tax levied should be A) the same in each city. B) higher in Wanunu than in Detroit. C) higher in Detroit than in Wanunu. D) less than zero in each city.
In short-run equilibrium in a perfectly competitive market,
a. each firm earns an economic profit b. each firm earns a normal profit c. firms shut down if price exceeds average total cost d. each firm takes consumers' marginal utility as given e. peach firm takes the market price as given
The two ways to define poverty are which of the following?
a. relatively and absolutely b. absolutely and definitely c. definitely and conceptually d. definitely and receptively
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and current international transactionsin the context of the Three-Sector-Model?
a. The GDP Price Index rises, and current international transactionsbecomes more negative (or less positive). b. The GDP Price Index and current international transactionsremain the same. c. The GDP Price Index falls, and current international transactionsremains the same. d. The GDP Price Index falls, and current international transactionsrises. e. There is not enough information to determine what happens to these two macroeconomic variables.