If the Economy Is Operating at a Point Where the Aggregate

question 59

Multiple Choice

If the economy is operating at a point where the aggregate expenditure line lies below the 45-degree line (AE = GDP) ,

• A)total spending is more than total output.
• B)unwanted business inventories will increase.
• C)businesses will reduce their future production.
• D)both b and c are correct.

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Definitions:

Time Discipline

The social and economic practice of coordinating and regulating human activities and work efficiency through the strict measurement and management of time.

Labor Movement

A socio-political movement advocating for the rights and interests of workers, including better working conditions, higher wages, and collective bargaining.

South

A reference often used in the context of the United States to designate the southeastern states, historically characterized by their support for slavery and later segregation.

Abolitionists

Individuals or groups advocating for the immediate end of slavery and the emancipation of slaves, active primarily in the 18th and 19th centuries.