Which of the Following Situations Results in the Lowest Level

question 17

Multiple Choice

Which of the following situations results in the lowest level of cyclical unemployment?

• A)Undesired inventory accumulation.
• B)Total value of goods supplied exceeds total value of goods demanded.
• C)A period of significant inflation.
• D)Desired saving exceeds desired investment.

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Definitions:

Principal Liable

Refers to the legal responsibility of the principal party in a relationship (such as an employer) for certain actions of their agents or employees under the doctrine of vicarious liability.

Apparent Authority

The impression given to third parties that an agent is authorized to act on behalf of a principal, even if such authority has not been formally granted.

Proper Notification

The act of informing someone through legally accepted or specified means.

Doctrine

A principle or body of principles presented for acceptance or belief, as by a religious, philosophical, scientific, or political group; policy.