If firms sell what they expected to sell which of the following will be true A

If firms sell what they expected to sell which of the

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26) If firms sell what they expected to sell, which of the following will be true?A) Aggregate expenditure will be less than GDP.B) There is no unplanned change in inventories.C) Aggregate expenditure will be greater than GDP.D) Inventories will rise, and GDP and employment will fall.Answer: B26)Diff: 2Page Ref: 751/377Topic: Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking6
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27) If economists forecast an increase in aggregate expenditure, which of the following is likely tooccur?27)Diff: 2Page Ref: 751-752/377-378Topic: Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.28) If planned investment is equal to actual investment, then aggregate expenditure is equal to GDP.28)Answer:TrueFalseDiff: 2Page Ref: 751/377Topic: Planned Investment and Actual InvestmentLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking29) Aggregate expenditure includes consumption spending, planned investment spending,government purchases, and net exports.29)Answer:TrueFalseDiff: 2Page Ref: 750/376Topic: The Aggregate Expenditure ModelLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking30) If aggregate expenditure is less than GDP, then inventories rise and GDP falls.30)Answer:TrueFalseDiff: 2Page Ref: 752/378Topic: The Aggregate Expenditure ModelLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective ThinkingSHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
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