Refer to the Information Provided in Table 9

question 176

Multiple Choice

Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
-Refer to Table 9.3. At an output level of $2,400 billion, there is an unplanned inventory change of

• A) positive $100 billion.
• B) positive $200 billion.
• C) negative $200 billion.
• D) zero.

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Definitions:

Rental Price

The cost associated with leasing or renting an asset, property, or service.

Capital Equipment

Long-term assets a business uses in the production of goods and services, such as machinery, buildings, and vehicles.

Equilibrium Wages

The salary level where the amount of work offered matches the amount of work sought in the employment market.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.