In the first quarter of 2017, business inventories in the United States increased by $4 billion. Can we tell from this information whether aggregate expenditure was higher or lower than GDP during the...


In the first quarter of 2017, business inventories in the


United States increased by $4 billion. Can we tell from this


information whether aggregate expenditure was higher or


lower than GDP during the first quarter of 2017? If not,


what other information do we need?


Source: U.S. Bureau of Economic Analysis.



May 26, 2022
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