If firms sell exactly what they expected to sell, all of the following will be true except
A) aggregate expenditure will be greater than GDP.
B) there is no unplanned change in inventories.
C) aggregate expenditure will be equal to GDP.
D) inventories will not change, and GDP and employment will remain stable.
A
Economics
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Describe the marginal revenue curve in relationship to the demand curve for a monopoly. Why is it like that?
What will be an ideal response?
Economics
Refer to the diagram in which S is the before-tax supply curve and S t is the supply curve after an excise tax is imposed. The total amount of the tax paid by producers is shown by area(s):
A. A + B + F.
B. C only.
C. A + B + C.
D. E + F.
Economics