When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to __________ in inventory, which signals firms that they have __________, which causes firms to cut back production

A) less; decreases; underproduced
B) less; increases; overproduced
C) more; decreases; underproduced
D) more; increases; overproduced


D

Economics

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The marginal propensity to consume is:

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What is the primary basis for determining the U.S. poverty line?

a. Buying power b. Unemployment rates c. State and federal tax rates d. Median family income

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In 2008, the United States was in recession. Which of the following things would you not expect to have happened?

a. increased layoffs and firings. b. a higher rate of bankruptcy. c. increased claims for unemployment insurance. d. increased real GDP.

Economics