Multiple Choice
If net exports are positive,
A) the equilibrium GDP must be greater than the full-employment GDP.
B) imports must exceed exports.
C) aggregate expenditures are greater at each level of GDP than when net exports are zero or negative.
D) some other component of aggregate expenditures must be negative.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q59: Suppose that the level of GDP increased
Q60: <span class="ql-formula" data-value="\begin{array} { | c |
Q61: If a lump-sum income tax of $25
Q62: Planned investment plus unintended increases in inventories
Q64: What will be the effect of an
Q65: The equilibrium level of GDP is associated
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q67: If the multiplier in an economy is
Q68: A private closed economy includes<br>A) households, businesses,