Indicate whether the following statements are true or false: a. For the economy as a whole, inventory

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Indicate whether the following statements are true or false: 

a. “For the economy as a whole, inventory investment can never be negative.” 

b. “The net investment of an economy must always be positive.” 

c. “An increase in GDP indicates that the standard of living of people has risen.”

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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