In the aggregate expenditure (AE) model, when real GDP exceeds aggregate planned expenditure, actual inventories ________ planned inventories and real GDP ________
A) are less than; decreases
B) exceed; increases
C) exceed; does not change
D) are less than; increases
E) exceed; decreases
E
Economics
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Refer to Figure 11-6. In the figure above which letter represents the marginal cost curve?
A) A B) B C) C D) D
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Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?
A) The G-4 B) The Business Cycle Dating Committee C) The Business Cycle Governors D) The Turning Point Group
Economics