If real gross domestic product is R350 billion and planned aggregate expenditure is R275 billion, then inventories will: a) pile up and output will decrease. b) pile up and output will increase. c) be depleted and output will decrease. d) be depleted and output will increase. e) stay constant, as will output.
If real gross domestic product is R350 billion and planned aggregate expenditure is R275 billion, then inventories will: a) pile up and output will decrease. b) pile up and output will increase. c) be depleted and output will decrease. d) be depleted and output will increase. e) stay constant, as will output.
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 3.7P
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