In the Aggregate Expenditures Model, If Aggregate Expenditures Are Less

question 177

Multiple Choice

In the aggregate expenditures model, if aggregate expenditures are less than real GDP,

• A) actual real output is less than equilibrium real output.
• B) employment increases.
• C) aggregate output increases.
• D) there will be unplanned increases in inventories.

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Cultural Prevalence

The extent to which a particular cultural practice, belief, or value is widespread within a society or cultural group.

Perceived Risk

An individual's assessment of how likely they believe they are to be harmed by a hazard.

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Drinks containing ethanol, commonly known as alcohol, consumed for recreational and social purposes.

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Fats that are solid at room temperature, commonly found in animal products and some plant oils, and associated with increased risk of heart disease.