Note: Amounts in billions.Refer to the above table. If real GDP is $12 billion, total planned expenditures and unplanned inventory changes are respectively

A. $12.4 billion and $0.4 billion.
B. $0 and $14 billion.
C. $12.4 billion and -$0.1 billion.
D. $13.2 billion and -$0.8 billion.

Answer: C

Economics

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The assumption of variable velocity translates to, in IS-LM analysis, __________ curves

A) downward sloping IS B) vertical IS C) upward sloping LM D) vertical LM

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