Question: 4. a. Explain how final sales and output can differ. b. In Figure 14-10 , point out periods of planned and unplanned inventory investment and

a. Explain how final sales and output can differ.

b. In Figure 14-10 , point out periods of planned and unplanned inventory investment and drawing down.

c. During a period of slow but steady growth, how would you expect final sales and output to be related? Explain. Draw a hypothetical figure like Figure 14-10 for such a period.

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