Assume That Inventories Declined by More Than Analysts Predicted

question 213

Multiple Choice

Assume that inventories declined by more than analysts predicted.This implies that

• A)planned aggregate expenditure was greater than real GDP.
• B)planned aggregate expenditure was equal to real GDP.
• C)planned aggregate expenditure was less than real GDP.
• D)planned aggregate expenditure is unrelated to real GDP.

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Definitions:

Liability Exists

A condition where legal responsibility for damages or obligations is present and enforceable by law.

Without Substantial Change

This entails maintaining the primary essence or core of something while possibly making minimal adjustments that do not significantly alter its nature or function.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Misrepresentation

A false statement of fact by one party to another party, which induces that other party to enter into a contract.