Multiple Choice
If national income is $1500 billion and the level of planned spending by households and businesses is $1575 billion, then we can say that:
A) there will be an accumulation of inventories and output will rise.
B) there will be an accumulation of inventories and output will fall.
C) there will be an unplanned reduction in inventories and output will fall.
D) there will be an unplanned reduction in inventories and output will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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