In the above figure, if the level of real GDP is $11 trillion,
A. inventories are above the levels planned by firms.
B. inventories are below the levels planned by firms.
C. inventories are equal to the levels planned by firms.
D. planned expenditures are zero.
Answer:B
In the above figure, if the level of real GDP is $11 trillion,
A. inventories are above the levels planned by firms. B. inventories are below the levels planned by firms. C. inventories are equal to the levels planned by firms. D. planned expenditures are zero.