When aggregate planned expenditure exceeds real GDP, there are unplanned
-------------------- in inventories, and firms -------------------- production, so that real GDP --------------------.
A) decreases; decrease; increases
B) increases; increase; increases
C) decreases; increase; increases
D) increases; decrease; decreases
E) decreases; decrease; decreases
Correct Answer:
Verified
Q17: During 2012, a country has consumption expenditures
Q18: In an economy with no income taxes
Q19: An economy has no imports or income
Q20: Q21: When aggregate planned expenditure -------------------- real GDP, Q23: When aggregate planned expenditure is less than Q24: According to the aggregate expenditure model, when Q25: When real GDP exceeds aggregate planned expenditure Q26: When disposable income increases, consumption expenditure Q27:
A)an
A)also increases,
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