A level of GDP cannot be at equilibrium when aggregate demand exceeds output because firms will notice that
A) inventory stocks are building up.
B) inventory stocks are being depleted.
C) their profits are negative.
D) many of their workers have little to do.
Correct Answer:
Verified
Q117: Keynes focused on problems of
A)hyperinflation.
B)budget deficits.
C)trade deficits.
D)unemployment
Q118: One of the main conclusions of Keynes
Q119: If the expenditure schedule must be shifted
Q120: The inflationary gap is the
A)inflation rate that
Q121: According to Baumol and Blinder, from the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents