This topic contains a solution. Click here to go to the answer

Author Question: Refer to Figure 12-1.If the economy is at a level of aggregate expenditure given by pointK, (Read 165 times)

penguins

  • Hero Member
  • *****
  • Posts: 903

Question 1

Figure 12-1









Refer to Figure 12-1. If the economy is at point L, what will happen?


◦ Inventories have fallen below their desired level, and firms decrease production.
◦ Inventories have fallen below their desired level, and firms increase production.
◦ Inventories have risen above their desired level, and firms decrease production.
◦ Inventories have risen above their desired level, and firms increase production.

Question 2

Figure 12-1









Refer to Figure 12-1. If the economy is at a level of aggregate expenditure given by point K,


◦ the economy is in equilibrium.
◦ production is greater than spending.
◦ production is less than spending.
◦ inventories will increase above their desired level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by penguins on Mar 16, 2019

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 52% of students answer this correctly





 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

For a complete list of videos, visit our video library