When real GDP increased in the first quarter of 2015, personal consumption expenditure, private inventory investment, and imports increased while exports, nonresidential fixed investment, and government spending decreased. Source: Bureau of Economic Analysis, April 29, 2015 Explain how the increase in private inventory investment affected U.S. aggregate demand.

When real GDP increased in the first quarter of 2015, personal consumption expenditure, private inventory investment, and imports increased while exports, nonresidential fixed investment, and government spending decreased. Source: Bureau of Economic Analysis, April 29, 2015 Explain how the increase in private inventory investment affected U.S. aggregate demand.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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