Consumption is 5 million, planned investment spending is 8 million, government purchases are 10 million, and net exports are equal to 2 million.
If GDP during that same time period is equal to 23 million, what unplanned changes in inventories occurred?
A) There was an unplanned decrease in inventories equal to 2 million.
B) There was an unplanned decrease in inventories equal to 19 million.
C) There was an unplanned increase in inventories equal to 2 million.
D) There was no unplanned change in inventories.
Question 2
Natural monopolies in the United States are generally regulated by
A) the Department of Commerce. B) the Federal Trade Commission.
C) local or state regulatory commissions. D) the Department of Justice.
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