If real GDP _______ planned expenditure, the economy converges to equilibrium expenditure because inventories _________ and firms
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If real GDP _______ planned expenditure, the economy converges to equilibrium expenditure because inventories _________ and firms increase production.
A. Exceeds; pile up
B. Exceeds; are run down
C. Is less than; are run down
D. Is less than; pile up
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C If real GDP is less than plann...View the full answer
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