When Aggregate Expenditure Is More Than GDP,which of the Following

question 166

Multiple Choice

When aggregate expenditure is more than GDP,which of the following is true?

• A)There was an unplanned decrease in inventories.
• B)Firms spent less on capital goods than they planned.
• C)Households bought fewer new homes than they planned.
• D)All of the above must be true when aggregate expenditure is more than GDP.

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Definitions:

Legislation Unconstitutional

A declaration that a law or statute conflicts with the constitution and is therefore invalid and unenforceable.

Hours of Operation

The scheduled times during which a business or service is open to the public.

Tradition

The transmission of customs, beliefs, or cultural practices among generations, often providing a sense of heritage and identity.

Equality

The state or quality of being equal, especially regarding status, rights, and opportunities without discrimination on the basis of characteristics such as race, gender, or age.