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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