Multiple Choice
If the amount of goods supplied by firms exceeds planned spending then
A) inventories are depleted and firms raise prices.
B) inventories accumulate and firms raise prices.
C) inventories accumulate and firms reduce prices.
D) inventories are depleted and firms reduce prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q109: The circular flow model represents the _
Q110: The real balance effect and the open
Q111: The circular flow model depicts exchanges of
Q112: Aggregate supply is the total of all
Q113: The aggregate demand curve slopes<br>A) down.<br>B) up.<br>C)
Q115: An increase in aggregate supply causes the
Q116: The upward slope of the supply curve
Q117: All of the following would cause the
Q118: An increase in aggregate demand will cause
Q119: The model of aggregate supply and aggregate