Figure 19.1 shows the actual behavior of inventories. Based on the figure, in which month is the discrepancy between the actual level of inventories and the desired level of inventories likely to have been smallest?
A) March 2012
B) September 2009
C) March 2010
D) September 2010
A
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The slope of a curved line differs from that of a straight line in that
A. the numerical value of the slope of a straight line is different at every point but is the same at every point for a curved line. B. the numerical value of the slope of a straight line is always higher than the numerical value of the slope of a curved line. C. the numerical value of the slope of a curved line is different at every point but is the same at every point for a straight line. D. the numerical value of the slope of a curved line is an irrational number, but the numerical value of the slope of a straight line is always a rational number. E. straight lines are more realistic, but curved lines are not descriptively accurate for the real world.
Which of the following statements about oligopolies is not correct?
a. An oligopolistic market has only a few sellers. b. The actions of any one seller can have a large impact on the profits of all other sellers. c. Oligopolistic firms are interdependent in a way that competitive firms are not. d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.
Which of the factors does not cause there to be different interest rates?
a. risk of default b. length of time of the loan c. administration costs d. all of the above explain the reasons there are different interest rates
The economy will not reach and maintain its goals of full employment and price stability unless the economy is
A. Below full employment and the price level is stable. B. Above full employment and the price level is stable. C. At full employment and the price level is stable. D. None of the choices are correct.