When Real GDP Is in Equilibrium with No Government and No

question 332

Multiple Choice

When real GDP is in equilibrium with no government and no international trade

• A) real planned investment spending equals real planned saving.
• B) real planned investment equals real planned consumption spending.
• C) unplanned inventories are increasing.
• D) unplanned inventories are decreasing.

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Definitions:

Mediator

A neutral third party that assists in resolving conflicts or disputes between other parties through facilitation and negotiation.

Arbitrator

An independent third party who is appointed to resolve a dispute between two parties by making a decision that is binding on both.

Task Interdependence

The degree to which the work performed by one individual or group affects the work of another individual or group.

Differentiation

Differentiation refers to the process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.