Multiple Choice
If aggregate quantity supplied exceeds aggregate quantity demanded, we can expect an unplanned
A) depletion of inventories, causing firms to raise prices.
B) depletion of inventories, causing firms to lower prices.
C) accumulation of inventories, causing firms to raise prices.
D) accumulation of inventories, causing firms to lower prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q135: A consequence of an inflationary gap is
Q136: The primary effect of OPEC actions in
Q137: When an inflationary gap exists, the job
Q138: If the economy experiences inflation and economic
Q139: Most economists use the aggregate demand and
Q141: As long as the aggregate supply curve
Q142: Inflationary GDP is the amount by which
Q143: Productivity is the amount of output produced
Q144: The existence of an inflationary gap or
Q145: When inflation occurs, net exports will<br>A)increase as