-In the Figure Above, If Real GDP Is $6 Trillion

question 214

Multiple Choice

-In the figure above, if real GDP is $6 trillion, aggregate planned expenditure is

• A) less than $6 trillion and unplanned inventory changes are positive.
• B) equal to $6 trillion and there are no unplanned inventory changes.
• C) more than $6 trillion and unplanned inventory changes are negative.
• D) equal to $6 trillion and unplanned inventory changes are negative.
• E) equal to $6 trillion and unplanned inventory changes are positive.

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Definitions:

OFF Inputs

Inputs in a control system that are in a deactivated or off state, not currently triggering any action.

Servo Motors

A type of motor that facilitates precise control of angular or linear position, velocity, and acceleration.

Closed-loop Mode

Closed-loop Mode operation refers to a control system configuration where the output is continuously monitored and feedback is used to adjust the control action to achieve desired performance.

Open-loop Mode

A control system mode where the output is not fed back to the input for decision making, meaning actions are taken without considering the outcome.