If an Unintended Increase in Business Inventories Occurs at Some

question 103

Multiple Choice

If an unintended increase in business inventories occurs at some level of GDP, then GDP

• A) entails a rate of aggregate expenditures in excess of the rate of aggregate production.
• B) may be either above or below the equilibrium output.
• C) is too low for equilibrium.
• D) is too high for equilibrium.

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Definitions:

Registered Agent

A person or business designated to receive legal documents and service of process on behalf of a company.

Corporation

A legal entity that is separate from its owners, with its own rights and obligations, and can conduct business, enter contracts, sue, and be sued.

Social Security Offices

Government facilities where individuals can obtain assistance with Social Security benefits and services.

Post Offices

Governmental or private establishments where postal services such as mail receipt, dispatch, and delivery are handled.