Solved

Refer to the Above Diagram for a Private Closed Economy

Question 54

Multiple Choice

Refer to the above diagram for a private closed economy.At the $300 level of GDP: A) planned investment will exceed saving, but actual investment will be equal to saving. B) aggregate expenditures will exceed GDP, causing GDP to rise. C) actual investment will exceed planned investment. D) households will consume in excess of their incomes. Refer to the above diagram for a private closed economy.At the $300 level of GDP:


A) planned investment will exceed saving, but actual investment will be equal to saving.
B) aggregate expenditures will exceed GDP, causing GDP to rise.
C) actual investment will exceed planned investment.
D) households will consume in excess of their incomes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: In the aggregate expenditures model, it is

Q48: For a private closed economy aggregate expenditures

Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q108: The following information is for a private

Q112: If a lump-sum tax of $40 billion

Q125: If at some level of GDP the

Q140: The equilibrium level of GDP in a

Q197: Cyclical unemployment in Canada is essentially the

Q205: In an aggregate expenditures diagram equal increases