Multiple Choice
Refer to the above diagram which is for a private closed economy.All figures are in billions of dollars.If businesses were willing to invest $30 at each possible level of GDP, the equilibrium level of GDP would be:
A) $462.5.
B) $435.
C) $420.
D) $380.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If the multiplier in an economy is
Q14: Actual investment is $62 billion at an
Q17: Complete the following table and answer the
Q21: The following information is for a closed
Q25: When investment remains the same at each
Q54: In an aggregate expenditures diagram the imposition
Q84: If an unplanned increase in business inventories
Q96: Planned plus unplanned investment equals:<br>A)actual investment.<br>B)consumption of
Q98: An upward shift of the aggregate expenditures
Q174: Exports are added to, and imports are