ʺFew If Any Economists Anticipated the Extent of the Inventory

question 120

Multiple Choice

ʺFew if any economists anticipated the extent of the inventory adjustment... Production cutbacks have been much greater than expected. Those cuts have weakened the industrial sector considerably.ʺ As a result of these changes, the U.S. government lowered its estimate of
Fourth-quarter growth in real GDP.
The article suggests that__________ .

• A) the AD curve shifted rightward in 2007.
• B) real GDP exceeded planned expenditures in 2006.
• C) the AE curve shifted upward in 2007.
• D) planned expenditures exceeded real GDP in 2006.

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Definitions:

Silent Generation

The demographic group born between the mid-1920s to early 1940s, known for their conservative attitudes and preference for stability and silence over chaos and change.

War Babies Generation

Individuals born during or shortly after World War II, often considered part of the Silent Generation.

Baby Boomers

The demographic cohort born approximately between 1946 and 1964, known for being part of a significant increase in births following World War II.

Born

The term describes the beginning of life or existence of an organism.