In the Income-Expenditure Framework,if Planned Aggregate Expenditures Are Less Than

question 30

Multiple Choice

In the income-expenditure framework,if planned aggregate expenditures are less than real GDP,

• A)then saving must be larger than consumption
• B)the price level will increase
• C)inventories will increase
• D)inventories will decrease
• E)consumption will decrease

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Definitions:

Sleep

A natural, recurring state of rest for the mind and body, characterized by altered consciousness, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) stages.

Operant Conditioning

A method of learning that uses rewards and punishments to modify behavior.

Trials Pairing

The method of associating two or more elements together in experimental research to study their combined effect.

Months Old

A measurement of time, specifically the number of months that have passed since an individual's birth.