-Refer to Exhibit 10-1.At Q 1 ,

At Q 1 , TE (Total Expenditure) is greater than TP (Total Product), indicating that the economy is consuming more than it is producing, leading to decreases in inventory.

-Refer to Exhibit 10-1.At Q 1 ,

At Q 1 , TE (Total Expenditure) is greater than TP (Total Product), indicating that the economy is consuming more than it is producing, leading to decreases in inventory.

Solved

-Refer to Exhibit 10-1.At Q₁

Question 23

Multiple Choice

-Refer to Exhibit 10-1.At Q<sub>1</sub>, A) TE > TP,and there are decreases in inventory. B) TP > TE,and there are increases in inventory. C) TE = TP,and there are no changes in inventory. D) TE > TP,and there are increases in inventory.
-Refer to Exhibit 10-1.At Q₁,

A) TE > TP,and there are decreases in inventory.
B) TP > TE,and there are increases in inventory.
C) TE = TP,and there are no changes in inventory.
D) TE > TP,and there are increases in inventory.

Correct Answer: