Multiple Choice
If aggregate planned expenditure exceeds GDP, then
A) firms' inventories are larger than planned.
B) the change in firms' inventories is the planned change.
C) firms' inventories are smaller than planned.
D) aggregate income is less than GDP.
E) firms' have no inventories.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: An insight into business cycles is gained
Q2: In an economy with no income taxes
Q3: The level of equilibrium expenditure at each
Q5: <span class="ql-formula" data-value="\begin{array} { c c }
Q6: <span class="ql-formula" data-value="\begin{array} { c c c
Q7: At the beginning of a recession, the
Q8: <span class="ql-formula" data-value="\begin{array} { c c }
Q9: Which of the following is not a
Q10: In order to analyze the factors that
Q11: If the price level increases, the AE