When current production of goods and services in an economy is greater than planned aggregate expenditure, _____
a. inventories of goods and services will increase
b. firms will increase production to replenish depleted inventories
c. businesses and households will increase planned aggregate spending
d. the price level will automatically rise to restore equilibrium in the economy
e. leakages must equal planned injections
a
Economics
You might also like to view...
Because Product X has a very small, positive income elasticity of demand, it is likely that product X is a
A) luxury. B) necessity. C) product with many good substitutes. D) product with many good complements.
Economics
The United States became a debtor nation in
A. 1975. B. 1982. C. 1985. D. 1990.
Economics