Business, 06.11.2019 23:31 payshencec21
From april 2018 to july 2018, business inventories increased by $ 26 billion. *real-time data provided by federal reserve economic data (fred), federal reserve bank of saint louis. can we tell from this information whether aggregate expenditure was higher or lower than gdp during this quarter? if not, what other information do we need?
a. aggregate expenditure was greater than gdp in this quarter.
b. there is not enough information to determine the relationship between aggregate expenditure and gdp.
c. aggregate expenditure was equal to gdp in this quarter.
d. aggregate expenditure was less than gdp in this quarter.
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