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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 11
*Indicate whether the following statements are true or false:
a. "For the economy as a whole, inventory investment can never be negative."
b. "The net investment of an economy must always be positive."
c. "An increase in GDP indicates that the standard of living of people has risen."
a. "For the economy as a whole, inventory investment can never be negative."
b. "The net investment of an economy must always be positive."
c. "An increase in GDP indicates that the standard of living of people has risen."
Explanation
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Verified
(a) This statement is false. This is bec...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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