If,at Some Level of Output,total Planned Expenditures Are Less Than

question 28

Multiple Choice

If,at some level of output,total planned expenditures are less than the level of real national income,

• A)output and income will rise.
• B)output and income remain unchanged.
• C)output and income will either fall or remain unchanged,depending on the MPC.
• D)unplanned inventories will increase and income will fall.

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Definitions:

Strategic Planning Process

A systematic approach used by organizations to define their strategy, direction, and decision-making on resource allocation to pursue their goals.

Establishment

The act of setting up a business or organization; also refers to the business or institution itself once set up.

Control Systems

A set of devices or methods that manage, command, direct, or regulate the behavior of other devices or systems.

Code Of Ethics

A set of principles designed to help professionals conduct their business with honesty, integrity, and fairness.