If total planned expenditures exceed real GDP, the economy will contract, causing production of goods and services to decrease and unplanned inventories to rise
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
In 2010, fears were growing that the dollar would experience a significant decline in value. What are the likely implications for the euro-dollar exchange rate?
What will be an ideal response?
Economics
An increase in aggregate demand is most likely to be caused by:
A. An increase in real interest rates B. A decrease in government spending C. A decrease in expected returns on investment D. A decrease in the tax rates on household income
Economics