When deciding whether to hire an additional worker, firms need only consider how the additional worker would affect

When aggregate planned expenditure exceeds real GDP, there is

A) a planned increase in inventories. B) a planned decrease in inventories. C) an unplanned decrease in inventories. D) an unplanned increase in inventories. E) an unplanned decrease in the price level.

If the government saved during an economic boom by increasing taxes or decreasing spending, this would be:

A. contractionary fiscal policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary monetary policy.