If aggregate expenditure in Thailand this year is on track to be $600billion and output is $500billion

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If aggregate expenditure in Thailand this year is on track to be $600billion and output is $500billion , is the economy currently at a macroeconomic equilibrium? Predict how unplanned inventories will change. How will producers respond to this imbalance? Do you anticipate GDP will rise or fall in response?

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Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

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