In the Short-Run Macro Model,if GDP Is $5 Trillion and Aggregate

question 78

Multiple Choice

In the short-run macro model,if GDP is $5 trillion and aggregate expenditure is $4 trillion,

• A) GDP will rise because inventories will rise
• B) GDP will fall because inventories will fall
• C) GDP will remain the same because this is an equilibrium
• D) investment will decrease
• E) the government will have to increase taxes

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Definitions:

Universal Precaution Techniques

Strategies used in healthcare to prevent the spread of infection by treating all human blood and certain bodily fluids as if they were infectious.

OSHA Regulations

Rules set by the Occupational Safety and Health Administration aimed at ensuring workplace safety and health.

Waived Status

Refers to certain tests or procedures that are exempt from certain regulatory requirements, often in a healthcare context due to their simplicity and low risk of error.

Diagnostic Testing

Medical tests performed to assist in the diagnosis or detection of diseases, conditions, or the existence of viruses in the body.