Although initially the news looked good, with growth of 4.2 per cent in the final three months of the year, closer examination showed a sharp drop in consumer spending and a large expansion in inventories." This news is not good because a) firms will cut output to lower inventories b) higher inventories will decrease aggregate demand c) although aggregate demand is higher by 4.2 per cent, this is not sustainable d) a drop in consumer spending decreases saving which lowers aggregate demand
This question was answered on: Sep 21, 2023
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