Inventories in the United States

question 52

Multiple Choice

Inventories in the United States

• A) usually move up and down with nominal, but not real, GDP.
• B) usually move up and down with the price component of nominal GDP.
• C) usually move up and down with real GDP.
• D) can occasionally climb or fall relative to real GDP if the macroeconomy is beset by some unexpected downturn or upswing.
• E) c and d.

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Definitions:

Olfactory Epithelium

This is a specialized epithelial tissue inside the nasal cavity that is involved in smell.

Receptor Cells

Specialized cells that convert external stimuli, such as light, sound, or chemicals, into electrical signals for the nervous system to process.

Smell

The sense that detects odors or scents, mediated by specialized sensory cells in the nasal cavity.

Taste Qualities

The five recognized sensations experienced when tasting: sweet, sour, bitter, salty, and umami.