If there is an unplanned increase in inventories, aggregate planned expenditure is less than real GDP and firms increase production. less than real GDP and firms decrease production. greater than real GDP and firms increase production. greater than real GDP and firms decrease production. less than real GDP and firms decrease investment.
If there is an unplanned increase in inventories, aggregate planned expenditure is less than real GDP and firms increase production. less than real GDP and firms decrease production. greater than real GDP and firms increase production. greater than real GDP and firms decrease production. less than real GDP and firms decrease investment.
Chapter19: The Keynesian Model In Action
Section: Chapter Questions
Problem 17SQ
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