If people buy more than has been produced,

Name: If people buy more than has been produced,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If people buy more than has been produced, it means that there is a shortage of goods and services in the market, leading to an increase in total expenditures. This situation leads to inflation, and suppliers may respond by producing more goods to meet the increasing demand. However, in the immediate term, there is an imbalance between total expenditures and total production.

If People Buy More Than Has Been Produced