ʺFew if any economists anticipated the extent of the inventory adjustment... Production cutbacks have been much greater than expected. Those cuts have weakened the industrial sector considerably.ʺ As a result of these changes, the U.S. government lowered its estimate of
Fourth-quarter growth in real GDP.
The article suggests that__________ .
A) the AD curve shifted rightward in 2007.
B) real GDP exceeded planned expenditures in 2006.
C) the AE curve shifted upward in 2007.
D) planned expenditures exceeded real GDP in 2006.

Question

Quizplus · Accepted Answer

The Answer of ʺFew if any economists anticipated the extent of the inventory adjustment... Production cutbacks have been much greater than expected. Those cuts have weakened the industrial sector considerably.ʺ As a result of these changes, the U.S. government lowered its estimate of
Fourth-quarter growth in real GDP.
The article suggests that__________ .
A) the AD curve shifted rightward in 2007.
B) real GDP exceeded planned expenditures in 2006.
C) the AE curve shifted upward in 2007.
D) planned expenditures exceeded real GDP in 2006.

ʺFew If Any Economists Anticipated the Extent of the Inventory