In a Private Closed Economy, Where Aggregate Expenditures Exceed Domestic

question 113

Multiple Choice

In a private closed economy, where aggregate expenditures exceed domestic output:

• A)domestic output will decline to the break-even level.
• B)business inventories will rise.
• C)saving exceeds planned investment.
• D)planned investment exceeds saving.

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Definitions:

Less Aggressively

A comparative manner of acting or proceeding with less force, intensity, or assertiveness than before or than others.

Oral Auction

A public sale in which goods or property are sold to the highest bidder through spoken bids.

Vickrey Auction

A sealed-bid auction in which the item is awarded to the highest bidder, but the winner pays only the second-highest bid.

Increasing Bids

A situation in an auction where participants continuously raise their bid amounts to outcompete others.