A Level of GDP Cannot Be at Equilibrium When Aggregate

question 80

Multiple Choice

A level of GDP cannot be at equilibrium when aggregate demand exceeds output because firms will notice that

• A)inventory stocks are building up.
• B)inventory stocks are being depleted.
• C)their profits are negative.
• D)many of their workers have little to do.

Understand the identification and impact of outliers in a dataset.

Understand the influence of myths and common beliefs on public perception.

Comprehend the characteristics of a useful theory.

Grasp probability principles and their application to real life contexts.