Figure 19.1 displays changes in the size of private inventories. Based on the figure, in which month is the size of private inventories likely to have been lowest?
A) September 2010
B) September 2011
C) September 2009
D) March 2010
D
You might also like to view...
If higher inflation ensues from a temporary negative supply shock, and in response, the central bank raises interest rates, then the resulting decrease in AD will return inflation back to its original level ________
A) and no further action will be required by the central bank B) but the ensuing positive output gap will lead to higher inflation once again so further interest rate increases will be required by the central bank to return inflation back to its long run level C) but the ensuing negative output gap will lead to short-run increases in AS and the central bank will have to "undo" its original interest rate hike in order to return inflation back to its target rate D) all of the above E) none of the above
If the Naval Research Laboratory fired a chemist and the Environmental Protection Agency hired her at the same salary, the net effect of these events would cause _____ in aggregate demand
a. an increase b. an increase c. a decrease d. a decrease e. no change
Over the last 50 years, the poor have:
A. become richer at a slower rate than the rich, and so inequality has grown. B. become richer at a slower rate than the rich, and so inequality has decreased. C. become richer at the same rate as the rich, and so inequality has stayed the same. D. become poorer, while the rich have become richer, and so inequality has grown.
Inventory reductions caused by strong demand are signals to retailers to order more products
a. True b. False Indicate whether the statement is true or false