7. Why are changes in inventories included as part of investment spending? Suppose inventories declined by $1

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7. Why are changes in inventories included as part of investment spending? Suppose inventories declined by $1 billion during 2014.

How would this affect the size of gross private domestic investment and gross domestic product in 2014? Explain. LO7.2

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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