Question

an economy facing unitended accumulation of inventories would try to reduce aggregate demand? do you agree with the statement ? support your answer with valid statement?​

Answer 1

• The aggregate demand curve tends to shift to the left when total consumer spending declines. Consumers might spend less because the cost of living is rising or because government taxes have increased. Consumers may decide to spend less and save more if they expect prices to rise in the future.

Answer 2

Answer:

Global oil demand in 2020 is estimated to be 9.06 million barrels a day lower than last year. Global liquids production in July increased significantly by 1.29 million barrels per day (bpd) to average 88.75 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Wednesday