If, at Some Level of Output, Total Planned Real Expenditures

question 39

Multiple Choice

If, at some level of output, total planned real expenditures are less than real Gross Domestic Product (GDP)

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

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Definitions:

Abraham Maslow

A renowned American psychologist who is primarily recognized for establishing the hierarchy of needs according to Maslow, which is a concept of psychological well-being based on satisfying inherent human necessities in a specific order, ultimately leading to self-actualization.

Hierarchy Of Needs

A motivational theory in psychology comprising a five-tier model of human needs, from basic physiological needs to self-actualization.

Ventromedial Hypothalamus

A region of the brain implicated in the regulation of satiety, metabolism, and sexual behavior.

Eating Response

The act of consuming food in reaction to internal signals such as hunger or external cues.