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

question 39

Multiple Choice

In the income-expenditure framework,if planned aggregate expenditures are greater than real gross domestic product (GDP) ,_____.

• A)the price level will fall
• B)consumption will fall
• C)inventories will increase
• D)inventories will decrease
• E)consumption will decrease

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Definitions:

Correlation Coefficients

Numerical measures that describe the strength and direction of a relationship between two variables.

Variable(s)

Elements, characteristics, or conditions that can change or vary within a study or experiment.

Correlation Coefficients

A numerical measure that represents the strength and direction of a linear relationship between two variables.

Relationship Between Variables

Refers to how variables are associated with each other, which can be positive, negative, or non-existent.