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For the economy to be at an equilibrium at $17 trillion, income and expenditures both have to equal to $17 trillion. Group of answer choices
For the economy to be at an equilibrium at $17 trillion, income and expenditures both have to equal to $17 trillion. Group of answer choices If total expenditures are less than $17 trillion, the economy is below the equilibrium level of GDP and inventories will be drawn down. If total expenditures are more than $17 trillion, the economy is below the equilibrium level of GDP and inventories will increase. If total expenditures are more than $17 trillion, the economy is below the equilibrium level of GDP and inventories will decrease. If total expenditures are less than $17 trillion, the economy is above the equilibrium level of GDP and inventories will be drawn down
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