Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7
Refer to Table 23.7. At an aggregate output level of $200 billion, the unplanned inventory change is
A. -$200 billion.
B. -$150 billion.
C. -$50 billion.
D. $100 billion.
Answer: A
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A copyright for works created by corporations run for ________ years from first publication or ________ years from the creation, whichever is ________.
A) 70; 120; shorter B) 95; 70; longer C) 95; 120; longer D) 95; 120; shorter
For a monopolist, at the profit-maximizing level of output price is:
A. equal to marginal cost. B. equal to marginal revenue. C. constant. D. chosen according to demand.
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
To induce an increase in the quantity demanded of its product, a monopolist must reduce the
A) quality of its product and thereby generate a downward shift its ATC curve. B) price of its product and thereby generate a rightward shift in its demand curve. C) price of its product and thereby generate a rightward movement along its demand curve. D) quality of its product and thereby generate a downward movement along its ATC curve.