Firms react to an unplanned inventory investment by increasing output.
Answer the following statement true (T) or false (F)
False
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An increase in the opportunity cost of holding money creates a ________ the money demand curve and an increase in real GDP creates a ________ the money demand curve
A) leftward shift of; movement down along B) rightward shift of; movement down along C) movement up along; leftward shift of D) movement up along; rightward shift of
For which of the following is demand likely to be most price-elastic?
a. steak b. beef (including steak, ribs, hamburger, etc.) c. meat (including beef, pork, chicken, lamb, etc.) d. protein foods (including meat, cheese, beans, eggs, fish, etc.) e. none of the above (they will all have the same elasticity)
A network must be small if network externalities are to be huge
Indicate whether the statement is true or false
Unemployment compensation is
A. not an automatic stabilizer. B. an automatic stabilizer because it falls as income decreases, slowing an economic contraction. C. an automatic stabilizer because it falls as income increases, slowing an economic expansion. D. an automatic stabilizer because it rises as income increases, slowing an economic expansion.