Suppose the government purposely changes the economy's cyclically adjusted budget from a deficit of 0 percent of real GDP to a deficit of 3 percent of real GDP. The government is engaging in a(n):

In the income-expenditure framework, if planned aggregate expenditures are less than real gross domestic product (GDP), _____

a. saving will increase b. the price level will increase c. inventories will increase d. inventories will decrease e. consumption will decrease

________________ and ______________ are often found together in a market.

A. Monopolistic competition; oligopoly B. Perfect competition; oligopoly C. Monopoly; oligopoly D. Monopolistic competition; monopoly