In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
A) unplanned inventory accumulation.
B) a decrease in GDP.
C) a decrease in employment.
D) all of the above.
Correct Answer:
Verified
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Q47: Exhibit 9-4 Keynesian aggregate expenditures model
Q48: Exhibit 9-3 Keynesian aggregate-expenditures model
Q49: Exhibit 9-2 Keynesian aggregate-expenditures model
Q50: Exhibit 9-3 Keynesian aggregate-expenditures model
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