Multiple Choice
The goods market is said to be in equilibrium when
A) the economy is operating at full employment.
B) planned expenditure is equal to actual income.
C) consumers' spending plus household saving is equal to national income.
D) The government's budget is neither in surplus or deficit.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Which of the following statements about the
Q27: In the IS-MP model, the MP curve
Q28: A deflationary gap occurs because<br>A) Governments set
Q29: Figure 4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Figure 4
Q30: In the IS-LM model the money supply
Q32: Assume that the economy is in equilibrium
Q33: In which of the following situations would
Q34: The multiplier model implies that<br>A) additional spending
Q35: The investment and saving line in the
Q36: What does the Keynesian cross diagram show?