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Suppose Total Planned Expenditures Equal $50 Trillion When the Value

Question 13

Multiple Choice

Suppose total planned expenditures equal $50 trillion when the value of the price level is 100. If the price level drops to 90, total planned real expenditures will equal


A) $50 billion.
B) less than $50 trillion.
C) more than $50 trillion.
D) None of the above: Cannot be determined without additional information.

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