As Long as Income Is Above Planned Aggregate Expenditure, Unplanned

question 324

True/False

As long as income is above planned aggregate expenditure, unplanned inventory reductions have occurred.

---

Definitions:

Quota Limit

A government-imposed trade restriction that sets a physical limit on the quantity of a good that can be imported or exported during a specific time frame.

Price Ceiling

A legal maximum price set by the government for certain goods or services, intended to prevent prices from becoming too high.

Tariff

A tax imposed by a government on imported or, less commonly, exported goods to protect domestic industries or to generate revenue.

Quantity Control

Measures implemented to regulate the amount of a particular good that is produced, sold, or consumed, often to stabilize markets.