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When Real Gross Domestic Product (GDP) Is Below Total Planned

Question 2

Multiple Choice

When real Gross Domestic Product (GDP) is below total planned real expenditures


A) there will be unplanned increases in inventories.
B) the circular flow will increase.
C) a lower level of equilibrium real Gross Domestic Product (GDP) will occur.
D) a higher level of equilibrium real Gross Domestic Product (GDP) will occur.

Correct Answer:

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