Firms in a Small Economy Anticipated That Inventories Would Grow

question 238

Multiple Choice

Firms in a small economy anticipated that inventories would grow over the past year by $500,000.Over that year, inventories actually grew by only $400,000.This implies that

• A)aggregate expenditure that year was greater than GDP that year.
• B)there was an unplanned increase in inventories that year.
• C)there was a planned increase in inventories that year.
• D)aggregate expenditure that year was equal to GDP that year.
• E)there was a rise in the unemployment rate.

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Definitions:

Knowledge-Management Systems

Specialized systems designed to capture, organize, and distribute knowledge within an organization to improve efficiency, creativity, and innovation.

Audience Perspective

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