Suppose total planned expenditures equal $20 trillion when the value o
Suppose total planned expenditures equal $20 trillion when the value of the price level is 100. If the price level drops to 90, total planned real expenditures will equal
A) more than $20 trillion.
B) $20 billion.
C) less than $20 trillion.
D) None of the above: Cannot be determined without additional information.
ANSWER
A
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