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When businesses are cutting back production, then it is probably true that total spending is less than total output. inventory levels are decreasing. total output
When businesses are cutting back production, then it is probably true that total spending is less than total output. inventory levels are decreasing. total output is greater than total income. total saving is greater than total output
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
