Multiple Choice
Firms in a small economy anticipated that inventories would grow over the past year by $500,000.Over that year,inventories actually grew by only $400,000.This implies that
A) aggregate expenditure that year was greater than GDP that year.
B) there was an unplanned increase in inventories that year.
C) there was a planned increase in inventories that year.
D) aggregate expenditure that year was equal to GDP that year.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Given the equations for C,I,G,and NX below,what
Q3: If an increase in investment spending of
Q4: Table 12-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-3
Q5: Disposable income is defined as<br>A)national income -
Q6: An increase in Social Security payments will<br>A)increase
Q7: Suppose the United States experiences a long
Q8: Figure 12-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-4
Q9: Which of the following is a true
Q10: Figure 12-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-1
Q11: If consumption is defined as C =