Multiple Choice
Equilibrium expenditure is the level of expenditure at which
A) firms' inventories are zero.
B) firms' inventories are at the desired level.
C) firms' produce more output than they sell.
D) aggregate planned expenditure minus planned changes in inventories equals real GDP.
E) aggregate planned expenditure plus planned changes in inventories equals real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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