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vellojo vellojo
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Posts: 2982
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7 years ago
"Few if any economists anticipated the extent of the inventory adjustment... Production cutbacks have been much greater than expected. Those cuts have weakened the industrial sector considerably. "   As a result of these changes, the U.S. government lowered its estimate of  fourth-quarter  growth in real GDP.
www.businessweek.com 3/12/2007

The article suggests that ________ .
A) the AD curve shifted rightward in 2007.
B) the AE curve shifted upward in 2007.
C) planned expenditures exceeded real GDP in 2006.
D) real GDP exceeded planned expenditures in 2006.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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7 years ago
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vellojo Author
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I went through a flood of websites until I signed up here lol Glad I did
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