At the Equilibrium Level of Real Gross Domestic Product (GDP),unplanned

question 124

Multiple Choice

At the equilibrium level of real gross domestic product (GDP) ,unplanned inventory adjustment equals _____.

• A)planned investment
• B)saving
• C)zero
• D)actual investment
• E)consumption

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Definitions:

Reasonable Reliance

Reasonable reliance involves acting based on the expectation that the information or promises provided by another party are accurate and trustworthy.

Interest in Land

Legal rights or investments in real property, including ownership or the right to use the land under certain conditions.

Suretyship

A contractual arrangement where one party (the surety) guarantees the performance of a second party (the principal) to a third party (the obligee).

Statute of Frauds

is a legal principle that requires certain types of contracts to be written and signed in order to be enforceable.