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When Aggregate Planned Expenditure Exceeds Real GDP, There Are Unplanned

question 30

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When aggregate planned expenditure exceeds real GDP, there are unplanned
-------------------- in inventories, and firms -------------------- production, so that real GDP --------------------.


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Jean Clouet

A painter and miniaturist of the French Renaissance, known for his portraits of the French nobility and royalty.

Worldly Ruler

A sovereign or political leader who holds significant secular power and authority over a particular geographic area or population.

El Escorial

A historical residence of the King of Spain, located in San Lorenzo de El Escorial. It was constructed in the late 16th century and is notable for its size, architectural complexity, and significance as a cultural and religious center.

Present-Day Country

A sovereign state recognized as such in contemporary political geography.

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