Multiple Choice
Suppose at a particular level of real gross domestic product (GDP) ,there are no unintended inventory adjustments.In this context,which of the following is true?
A) Real GDP is less than the equilibrium level of real GDP demanded.
B) Real GDP is greater than the equilibrium level of real GDP demanded.
C) Real GDP equals the equilibrium level of real GDP demanded.
D) At equilibrium real GDP,there is no inflation.
E) At equilibrium real GDP,there is no saving.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Government outlays equal:<br>A)the difference between government expenditures
Q16: The marginal propensity to consume:<br>A)is the proportion
Q17: Increases in the marginal propensity to consume
Q18: An increase in the interest rate,other things
Q19: An increase in net wealth will:<br>A)increase consumption
Q21: The aggregate demand curve of an economy:<br>A)is
Q22: In the income-expenditure framework,if planned aggregate expenditures
Q23: An economy's investment demand curve shows the
Q24: An increase in the marginal propensity to
Q25: When current production of goods and services