Business, 25.06.2020 02:01, dirttrackr75

Explain, in detail, how the adjustment to macroeconomic equilibrium occurs when spending is less than production. Be sure to discuss how inventories play a crucial role in the adjustment process. State what happens to GDP and employment during the adjustment process.

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Explain, in detail, how the adjustment to macroeconomic equilibrium occurs when spending is less tha...