In the income-expenditure framework, if planned aggregate ...

[casperchen82]

In the income-expenditure framework, if planned aggregate expenditures are less than real gross domestic product (GDP), _____.
 a. saving will increase
 b. the price level will increase
  c. inventories will increase
 d. inventories will decrease
 e. consumption will decrease

Question 2

The social marginal cost curve is higher than the private marginal cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false

[gstein359]

Answer to Question 1

c

Answer to Question 2

True

[casperchen82]

Thanks for the timely response, appreciate it

[at]

Excellent