Author Question: In the income-expenditure framework, if planned aggregate expenditures are less than real gross ... (Read 35 times)

casperchen82 · **on:** Jun 30, 2018

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