If the Level of Real GDP Is $14 Trillion While

question 29

Multiple Choice

If the level of real GDP is $14 trillion while aggregate planned expenditure is $15 trillion, then

• A)inventories rise more than planned, leading firms to increase production.
• B)inventories rise more than planned, leading firms to cut production.
• C)aggregate planned expenditure decreases to reach the equilibrium of $14 trillion.
• D)inventories fall more than planned, leading firms to increase production.
• E)real GDP increases and planned expenditure decreases reaching equilibrium in the middle.

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Definitions:

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A term for diseases that affect the lungs and other parts of the respiratory system, such as bronchitis or asthma.

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A device that regulates the temperature of a system or environment.

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In a healthcare setting, a purple wristband typically indicates a patient has a "do not resuscitate" (DNR) order.