Multiple Choice
Inventory levels unexpectedly rise and firms cutback on production.Which of the following is consistent with these two occurrences?
A) TP is greater than TE.
B) TP is less than TE.
C) TP is equal to TE.
D) TP is equal to TE minus the rise in inventories above the optimum inventory level.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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