When total spending is less than production, GDP will decrease.
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Q10: Injections to the circular flow model include
Q11: When income rises, total expenditures remain constant.
Q12: Equilibrium is the point where total spending
Q13: The expenditure schedule includes the consumption function.
Q14: If total spending is greater than current
Q16: If investment spending depends on GDP, this
Q17: When demand for goods and services is
Q18: In a simplified circular flow model with
Q19: Equilibrium GDP occurs when total spending equals
Q20: When inventories accumulate, unemployment rises.
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