Multiple Choice
If aggregate planned expenditure exceeds real GDP then
A) inventories decrease, and the AE curve shifts downward.
B) inventories increase, and the AE curve shifts upward.
C) inventories decrease, and as real GDP increases, a movement up along the AE curve occurs.
D) inventories increase, and as real GDP increases, a movement up along the AE curve occurs.
E) inventories increase, and the short-run aggregate supply curve shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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