Real GDP is $13 trillion and aggregate planned expenditure is $14 trillion. As a result, unplanned inventory change is ________ and real GDP ________
A) negative; decreases
B) positive; increases
C) negative; increases
D) positive; decreases
E) negative; does not change
C
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Refer to above figure. Assume that Boeing is the first to enter the Hungarian market. Without a government subsidy what price would they demand, and what would be their total profits?
What will be an ideal response?
Monopolists can earn positive economic profits in the long run because they are more productively efficient than perfectly competitive firms
a. True b. False
Optimal market outcomes are the same as perfect market outcomes.
Answer the following statement true (T) or false (F)
Distinguish economies and diseconomies of scale. How can the extent to which economies and diseconomies of scale explain the size and number of real world firms in an industry?
What will be an ideal response?