Which of the Following Statements Concerning the Equilibrium Level of GDP

question 24

Multiple Choice

Which of the following statements concerning the equilibrium level of GDP is incorrect?

• A)There will be no tendency for businesses to alter the aggregate rate of production.
• B)Full employment will necessarily be realized.
• C)No unintended changes in inventories will occur.
• D)Leakages equal injections.

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Definitions:

Sales Territories

The customer groups or geographic districts to which an individual salesperson or a sales teams sells.

Workload

The amount of work assigned to or expected from a person within a given time period.

Opportunity

A set of circumstances that makes it possible to do something or achieve a particular goal.

Personal-selling Process

A direct marketing strategy involving face-to-face interactions between a seller and a customer to achieve sales.