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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Can total expenditures ever be greater than the money supply? Explain your answer.

To determine

Explain whether the total expenditure will ever be greater than the money supply.

Explanation

Total expenditure is the price paid for the purchase of goods and services multiplied by the quantity of goods and services purchased. The money supply is the total money in circulation.

It is possible that the total expenditure would be greater than the money supply...

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