Which of the Following Is INCORRECT

question 426

Multiple Choice

Which of the following is INCORRECT?

• A) Firms experience unplanned decreases in inventories as expansions begin.
• B) Expansions usually begin with an increase in autonomous spending.
• C) Firms increase production in response to unplanned decreases in inventories.
• D) The multiplier dampens the increase in income that occurs during expansions and brings the economy to a new equilibrium GDP.

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Definitions:

Subspecies

A subdivision within a species, characterized by distinct genetic, morphological, or behavioral traits, often resulting from geographical isolation.

Genus

A rank in the biological classification system (taxonomy) that groups together species that are closely related, sharing a common ancestor.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classified together as having common characteristics.

Reproductively Isolated

A state in which different groups of organisms can no longer interbreed and produce fertile offspring, leading to speciation.