"Few 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." As a result of these changes, the U.S. government lowered its estimate of fourth-quarter growth in real GDP.
Www) businessweek.com 3/12/2007
The article suggests that ________.
A) planned expenditures exceeded real GDP in 2006.
B) real GDP exceeded planned expenditures in 2006.
C) the AE curve shifted upward in 2007.
D) the AD curve shifted rightward in 2007.
Correct Answer:
Verified
Q345: If the price level increases, the AE
Q350: In general, an increase in autonomous expenditure
Q353: The government increases its expenditures. The steeper
Q360: The size of the multiplier
A) is unaffected
Q361: In an article regarding Bangladesh's economy, the
Q363: In an article regarding Bangladesh's economy, the
Q366: Suppose the consumption function is given by
Q367: Mauritius, an island off the coast of
Q371: Suppose the consumption function is given by
Q376: In 2007, investment in France increased by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents