Asked by
Carolina Navarro
on Nov 11, 2024
Verified
In the income-expenditure framework,if planned aggregate expenditures are greater than real gross domestic product (GDP) ,_____.
A) the price level will fall
B) consumption will fall
C) inventories will increase
D) inventories will decrease
E) consumption will decrease
Aggregate Expenditures
The total amount of spending on goods and services in an economy at a given overall price level and in a given time period.
- Analyze how variations in the components of aggregate spending impact gross domestic product.
Verified Answer
BB
Learning Objectives
- Analyze how variations in the components of aggregate spending impact gross domestic product.