If, at some level of output, total planned real expenditures are less than real Gross Domestic Product (GDP)

A) real GDP will either fall or remain unchanged, depending on the MPC.
B) real GDP will rise.
C) unplanned inventories will increase and real GDP will fall.
D) real GDP remains unchanged.

C

Economics

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Explain comparative advantage

What will be an ideal response?

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In the presence of heteroskedasticity, and assuming that the usual least squares assumptions hold, the OLS estimator is

A) efficient. B) BLUE. C) unbiased and consistent. D) unbiased but not consistent.

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