When Current Real Production of Goods and Services (Real GDP)is

question 112

Multiple Choice

When current real production of goods and services (real GDP) is greater than planned aggregate expenditure

• A)inventories of goods and services are rising
• B)firms will increase production to replenish depleted inventories
• C)businesses and households will increase planned aggregate spending because it is in their interest to promote employment
• D)the price level will automatically rise to restore equilibrium in the economy
• E)leakages must equal planned injections

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, that carry genetic information.

Recessive Genes

Genes that are expressed in offspring only when inherited from both parents, as opposed to dominant genes, which are expressed when inherited from just one parent.

Dominant Genes

Genes that overpower their recessive counterparts and determine the phenotype of an organism.

Heterozygous Pairs

In genetics, refers to a pair of genes where one is dominant and the other is recessive; they're different alleles for a specific trait.