When real GDP exceeds aggregate planned expenditure
A) an unplanned decrease in inventories occurs.
B) real GDP increases.
C) firms increase production.
D) an unplanned increase in inventories occurs.
E) real GDP remains at its equilibrium.
Correct Answer:
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Q20: Q21: When aggregate planned expenditure -------------------- real GDP, Q22: When aggregate planned expenditure exceeds real GDP, Q23: When aggregate planned expenditure is less than Q24: According to the aggregate expenditure model, when Q26: When disposable income increases, consumption expenditure
A)also increases,
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