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nurse15 nurse15
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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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channy40channy40
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A year ago
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nurse15 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TheMoffattMan
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Yesterday
Just got PERFECT on my quiz
jmendoza
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2 hours ago
Brilliant ツ
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