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Unformatted text preview: will fall because inventories will fall
c. GDP will remain the same because this is an equilibrium
d. investment will decrease
e. the government will have to increase taxes
____ 23. The equilibrium level of GDP can be determined by finding the output level at which the unplanned change in
a. greater than aggregate expenditures
b. less than aggregate expenditures
d. equal to government expenditures
e. equal to consumer spending...
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This note was uploaded on 02/07/2014 for the course ECON 1020-02 taught by Professor Rahman during the Spring '13 term at Tulane.
- Spring '13