Multiple Choice
In the aggregate expenditures model, if real GDP equals $700 billion and aggregate expenditures equal $400 billion,
A) consumption plus investment equals $300 billion.
B) planned investment equals $300 billion.
C) investment plus saving equals $300 billion.
D) unplanned inventory accumulation equals $300 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: In the simple aggregate expenditure model where
Q38: If consumption is $80 billion when income
Q39: Use the following to answer questions .<br>Exhibit:
Q40: Consider a simple aggregate expenditure model where
Q41: Use the following to answer questions .<br>Exhibit:
Q43: Use the following to answer questions .<br>Exhibit:
Q44: The sum of planned levels of consumption,
Q45: In general, we expect that a reduction
Q46: The marginal propensity to save is given
Q47: The average annual income that people expect