True or False. If spending exceeds output, real GDP will decline as firms cut back on production.

Write out and explain the GDP and Aggregate Expenditure identity equations.

if inventories are increasing, what part of the business cycle could we be entering? Group of answer choices Depression Peak Recession Expansion

If when real GDP equals $800 billion, imports equal $100 billion, and when real GDP equals $900 billion, imports equal $110 billion, then what is the marginal propensity to import? Enter the answer in decimal form, rounded to one decimal place. marginal propensity to import:

1. Key facts about economic fluctuations The graph included below approximates United States business cycles between quarter one of 1947 and quarter three of 1951. The shaded region denotes periods of six or more consecutive months of declining real gross domestic product (real GDP). REAL GDP (Billions of dollars) 2170 2070 1970 1870 1770 1947 1948 1949 YEAR 1950 1951 ?

What would cause domestic investment to go down? a decrease in interest rates none of the answers given is correct an increase in interest rates.