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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 11
The $490 billion level of real GDP is not at equilibrium because:
A) investment exceeds consumption.
B) consumption exceeds investment.
C) planned C + I g exceeds real GDP.
D) planned C + I g is less than real GDP.
A) investment exceeds consumption.
B) consumption exceeds investment.
C) planned C + I g exceeds real GDP.
D) planned C + I g is less than real GDP.
Explanation
Verified
Verified
Hence, the correct answer is c. cyclical...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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