As long as income is above planned aggregate expenditure, unplanned inventory reductions have occurred.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the producer?
A) $2 B) $1 C) $3 D) unable to determine
A(n) _____ is an indirect tax imposed on each sale at each stage of production
a. personal tax b. value-added tax c. excise duty d. sales tax e. ad-valorem tax
Which of the following events will increase GDP?
a. losing $500 playing blackjack in your dorm b. selling an antique writing desk for $500 cash c. a burglar stealing your CD player d. the police department hiring an extra detective to track down the burglar who stole your CD player
When the purchasing power of money is stable and predictable, this
A) increases transactions costs. B) facilitates gains from specialization, investment, and trade. C) encourages the use of bartering. D) makes it risky for individuals and businesses to save and borrow.