When the Economy Is at Its Equilibrium GDP Level, All

question 105

Multiple Choice

When the economy is at its equilibrium GDP level, all of the following will occur, except:

• A) Aggregate expenditures = GDP
• B) Inventories will be zero
• C) Saving equals planned investment
• D) There are no unplanned changes in inventories

---

Definitions:

Exports

Goods or services sent from one country to another for sale.

Imports

Goods or services brought into one country from another for sale or use.

Skiing Equipment

Gear and tools designed for use in skiing, including skis, boots, and poles.

Spring Clearance

A period usually set by retailers to clear out seasonal merchandise at reduced prices.