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-In the Above Table, There Are No Taxes and No

Question 435

Multiple Choice

-In the above table, there are no taxes and no imports or exports. If current real GDP is equal to $7,000, then firms will A) not change production because $7,000 is the equilibrium level of real GDP. B) increase production to rebuild inventories to their target level. C) decrease production to restore inventories to their target level. D) None of the above answers is correct.
-In the above table, there are no taxes and no imports or exports. If current real GDP is equal to $7,000, then firms will


A) not change production because $7,000 is the equilibrium level of real GDP.
B) increase production to rebuild inventories to their target level.
C) decrease production to restore inventories to their target level.
D) None of the above answers is correct.

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