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A researcher's Excel results are shown below using Femlab (labor force participation rate among females) to try to predict Cancer (death rate per 100,000 population due to cancer) in the 50 U.S.states.
Which of the following statements is not true?
Inventories
Goods that have been produced but remain unsold.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).
Keynes
refers to John Maynard Keynes, a British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and control inflation have had a significant influence on modern macroeconomics.
Aggregate Supply
The total supply of goods and services that firms in a national economy plan to sell during a specific time period.
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