If aggregate expenditures (AE) are less than aggregate output ...

[Pineappleeh]

If aggregate expenditures (AE) are less than aggregate output (real GDP), then firms will:
 a. have unplanned inventory accumulation.
  b. earn above-average profits.
  c. expand production and hire more workers.
  d. be raising their prices.

Question 2

What establishes the value of fiat money?
 a. Our collective trust and confidence that the central government, which decrees that money cannot be refused as payment for debt.
  b. Gold and silver owned by the large commercial banks.
  c. The central government authority's promise to redeem fiat money for gold or silver upon demand.
  d. None of the above.

[Zebsrer]

Answer to Question 1

a

Answer to Question 2

a

[Pineappleeh]

Thanks for the timely response, appreciate it

[ashely1112]

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