Multiple Choice
Refer to Figure 9.1 for the following questions.
Figure 9.1
-In Figure 9.1, if the economy is at a level of aggregate expenditure given by point K:
A) the economy is in equilibrium.
B) production is greater than spending.
C) production is less than spending.
D) inventories will increase above their desired level.
Correct Answer:
Verified
Correct Answer:
Verified
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