If Planned Aggregate Expenditure Is Greater Than Total Production

question 263

Multiple Choice

If planned aggregate expenditure is greater than total production,

• A)actual inventories will equal planned inventories.
• B)firms will experience an unplanned increase in inventories.
• C)GDP will increase.
• D)the economy is in equilibrium.
• E)governments are likely to experience growing budget deficits.

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Definitions:

Moose Carcass

The body of a dead moose, often serving as a source of nutrition for various predators and scavengers in an ecosystem.

Mutualistic Relationship

A type of interaction between two different species where both individuals derive a benefit.

Red-Billed Oxpecker

A bird species known for feeding on ticks and parasites found on the skin of large mammals, such as cattle and wild ungulates.

Ticks

Small arachnids, part of the order Ixodida, which are ectoparasites living by hematophagy on the blood of mammals, birds, and sometimes reptiles and amphibians, known for transmitting various diseases.