If Economists Forecast a Decrease in Aggregate Expenditure,which of the Following

question 171

Multiple Choice

If economists forecast a decrease in aggregate expenditure,which of the following is likely to occur?

• A)GDP will rise.
• B)GDP will fall.
• C)Wages will rise.
• D)Inventories will fall.

---

Definitions:

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863, declaring the freedom of all slaves in Confederate states that had not yet come under Union control.

Clear-Cut Victory

A definitive and unmistakable win in a contest or conflict, leaving no doubt about who the winner is.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863, declaring the freedom of all enslaved people in Confederate states that were in rebellion against the Union.

1863

A significant year in U.S. history marked by the Emancipation Proclamation, which declared the freedom of slaves in Confederate territories.