Multiple Choice
Inventory levels unexpectedly rise and as a result firms reduce the level of 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
Q1: Which of the following is a basic
Q2: Which of the following is true?<br>A) If
Q3: A simple Keynesian model is representative of
Q5: Using the concept of the multiplier,explain in
Q6: Here is a consumption function: C =
Q7: Which statement is consistent with what Keynes
Q8: The change in disposable income is $200
Q9: The more firms that pay efficiency wages,the<br>A)
Q10: The multiplier process following a drop in
Q11: Which of the following statements is true?<br>A)