Which of the following about inventory changes and GDP is true?
What will be an ideal response?
Inventory investment adds to GDP because it represents goods produced during the current period.
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What are some of the main ways in which the economies of developing countries differ from one another?
What will be an ideal response?
If the Fed wants to increase the money supply, it should increase the discount rate.
a. true b. false
If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect
a. a surplus of workers to fill the easy, desirable jobs. b. less human capital investment. c. all of the above. d. a shortage of workers to fill the least desirable jobs.
If UIP holds, the interest rate is 4%, and the foreign currency is expected to appreciate by 3%, then the foreign interest rate is approximately
a) 1% B) 3% C) 7% D) none of the above