Suppose at a Particular Level of Real Gross Domestic Product

question 20

Multiple Choice

Suppose at a particular level of real gross domestic product (GDP) ,there are no unintended inventory adjustments.In this context,which of the following is true?

• A)Real GDP is less than the equilibrium level of real GDP demanded.
• B)Real GDP is greater than the equilibrium level of real GDP demanded.
• C)Real GDP equals the equilibrium level of real GDP demanded.
• D)At equilibrium real GDP,there is no inflation.
• E)At equilibrium real GDP,there is no saving.

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Definitions:

Exceeded

To go beyond an established limit or standard.

More Than One Vendor

Utilizing services or products from multiple suppliers or companies instead of relying on a single source.

Estimate Cost

The process of forecasting the financial expenditure required to complete a project or produce a good.

Selection Phase

The stage in a project or procurement process where options are evaluated and choices are made regarding resources, suppliers, or methods.