Equilibrium GDP on the Demand Side Occurs When Total Spending

question 197

Multiple Choice

Equilibrium GDP on the demand side occurs when total spending

• A)equals total production, and inventories are zero.
• B)equals total production, and firms are unable to adjust inventories.
• C)exceeds total production, and inventories are rising.
• D)equals total production, and inventories remain at desired levels.
• E)is less than total production, and inventories are falling.

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Definitions:

Pelvic Girdle

The ring of bones in the lower part of the torso, composed of the hip bones that support the spinal column and connect the skeleton of the leg.

Pelvic Cavity

A body cavity that is bounded by the bones of the pelvis and contains reproductive organs, the urinary bladder, and the rectum.

Bipedal Walking

The ability to walk upright on two legs, a characteristic feature of humans and their ancestors that distinguishes them from other primates.

Phalanges

Bones in the fingers or toes.