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Consider an output-expenditures diagram. If the economy is currently at a point where planned expenditures are greater than GDP, then O the economy is in

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Consider an output-expenditures diagram. If the economy is currently at a point where planned expenditures are greater than GDP, then O the economy is in equilibrium O the economy is not in equilibrium; there will be a tendency for the firm to increase production O the economy is not in equilibrium; there will be a tendency for the firm to decrease production O the economy is not in equilibrium; firms are seeing an increase in inventories

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