21 The current value of Real GDP is greater than the equilibrium levelof Real GDP. This implies that Aggregate Expenditure isReal GDP, and inventories arethanO less; shrinkingO less; growingO greater; growingO greater; shrinking

The macroeconomic equilbrium in an economy occurs when the aggregate demand and aggregate supply are…

The current value of Real GDP is greater than the equilibrium level of Real GDP. This implies that Aggregate Expenditure is than Real GDP, and inventories are O less; shrinking O less; growing O greater; growing O greater; shrinking

The current value of Real GDP is greater than the equilibrium level of Real GDP. This implies that Aggregate Expenditure is than Real GDP, and inventories are O less; shrinking O less; growing O greater; growing O greater; shrinking

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter8: Aggregate Demand And The Powerful Consumer

Section: Chapter Questions

Problem 8DQ

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Question

The current value of Real GDP is greater than the equilibrium level
of Real GDP. This implies that Aggregate Expenditure is
Real GDP, and inventories are
than
O less; shrinking
O less; growing
O greater; growing
O greater; shrinking

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