An increase in planned investment spending results in aggregate output to ________________.a.increase by an amount less than the change in investment spending.b. increase by an amount equal to the change in investment spending.c.increase by an amount greater than the change in investment spendingd.decrease by an amount less than the change in investment spending

Investment spending ________ during a recession and ________ during an expansion. a. declines; increases b. declines; declines c. increases; declines d. increases; increases

If planned aggregate expenditure is less than total production, then: a. the economy is in equilibrium. b. GDP will increase. c. firms will experience an unplanned increase in inventories. d. actual inventories will equal planned inventories.

Increased government spending will, in the short run, _____ aggregate output and _____ the aggregate price level.Choose one answer from the options below.increase; increaseincrease; decreasedecrease; decreasedecrease; increase

When actual investment is less than planned investmentGroup of answer choicesfirms are selling more output than expected.autonomous expenditure is less than induced expenditure.the quantity of output sold is the amount the firm expected to sell.firms are selling less output than expected.the stock of inventories must increase.

An increase in taxes will ________ consumption spending and a decrease in transfer payments will ________ consumption spending. a. increase; decrease b. decrease; increase c. decrease; decrease d. increase; increase