Firms in a Small Economy Planned That Inventories Would Grow

question 122

Multiple Choice

Firms in a small economy planned that inventories would grow over the past year by $500,000.Over that year,inventories did grow by exactly $500,000.This implies that

• A)aggregate expenditure that year was equal to GDP that year.
• B)there was an unplanned increase in inventories that year.
• C)there was an unplanned decrease in inventories that year.
• D)aggregate expenditure that year was greater than GDP that year.

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Definitions:

Recurring Appointment

A scheduled meeting or event that repeats at regular intervals in a calendar.

Calendar

A system for organizing days for social, religious, commercial, or administrative purposes, often presented in a table or grid.

Appointment Status

An indication of the state or condition of a planned meeting or event, such as confirmed, pending, or cancelled.

Show As

A display option in applications, allowing users to choose how information or data is visually presented.