In a Private Closed Economy, When Aggregate Expenditures Exceed GDP

question 118

Multiple Choice

In a private closed economy, when aggregate expenditures exceed GDP,

• A) GDP will decline.
• B) business inventories will rise.
• C) saving will decline.
• D) business inventories will fall.

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Definitions:

Claim Message

A communication, often in written form, asserting a right or demand for resolution, typically in business or legal contexts.

Banquet

A large, formal meal for many people, often followed by speeches or entertainment.

Autocratic Tone

A communication style characterized by authoritative, dictatorial, and controlling language.

Instructions

Detailed information telling how something should be done, operated, or assembled.