4. For each event, explain whether the initial effect is a change in planned investment spending or...
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4. For each event, explain whether the initial effect is a change in planned investment spending or a change in unplanned inventory investment, and indicate the direction of the change.
a. an unexpected increase in consumer spending
b. a sharp rise in the cost of business borrowing
c. a sharp increase in the economy’s growth rate of real GDP
d. an unanticipated fall in sales Solutions appear at the back of the book.
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