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Pois0n Pois0n
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A year ago
Country A specializes in the production of automobiles, and 45 percent of its population works in the automobile manufacturing industry. A sharp increase in the world prices of automobiles led to a boom in the automobile manufacturing industry in Country A. However, the automobile manufacturers overestimated the demand for automobiles. This led to overproduction, which resulted in a large stock of unsold cars. Which of the following is likely to happen in the near future?

▸ Household consumption in Country A will increase.

▸ The unemployment rate in Country A will increase.

▸ The supply of credit in Country A will increase.

▸ Investment in Country A will increase.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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overlandtrailoverlandtrail
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A year ago
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Pois0n Author
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A year ago
This helped my grade so much Perfect
lipop
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Yesterday
Good timing, thanks!
hmonier
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2 hours ago
Thank you, thank you, thank you!
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