Multiple Choice
-The table above gives data for the nation of Mosh. If real GDP is $10 trillion, then
A) firms decrease production because inventories exceed their target levels.
B) firms increase production because inventories are less than their target levels.
C) firms decrease production because inventories are less than their target levels.
D) the economy has reached equilibrium and no change in production will occur.
E) We need more information to determine whether firms increase, decrease or do not change their production.
Correct Answer:
Verified
Related Questions
Q37: Q38: When the economy enters an expansion of Q39: Q40: If the marginal propensity to import is Q41: When GDP = $2.5 trillion, C =