When Planned Investment Exceeds Saving in a Private Closed Economy

question 15

Multiple Choice

When planned investment exceeds saving in a private closed economy,

• A)aggregate expenditures will equal GDP.
• B)aggregate expenditures will exceed GDP.
• C)aggregate expenditures will be less than GDP.
• D)consumption plus investment will equal GDP.

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Definitions:

Strike Replacements

Workers who are hired to fill the positions of striking workers during a labor dispute.

Labor Law Reform

The process of reviewing and amending laws governing labor and employment to address current challenges and promote fair labor practices.

Grassroots Labor Movement

A labor movement organized and initiated by the common workers, focusing on local issues and advocating for worker rights at the base level.

U.S. Labor Law

The body of legislation, regulations, and judicial rulings that governs working conditions, employee rights, and labor relations in the United States.