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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 8
Explain how final sales and output can differ.
b. In Figure 15-10 , point out periods of planned and unplanned inventory investment and drawing down.
c. During a period of slow but steady growth, how would you expect final sales and output to be related Explain. Draw a hypothetical figure like Figure 15-10 for such a period.
b. In Figure 15-10 , point out periods of planned and unplanned inventory investment and drawing down.
c. During a period of slow but steady growth, how would you expect final sales and output to be related Explain. Draw a hypothetical figure like Figure 15-10 for such a period.
Explanation
Verified
Verified
(a)
Sales is an example of a flow variab...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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