Multiple Choice
The following question are based on the following information:
-If actual GDP equals $1,980 billion
A) intended saving equals intended investment.
B) the economy is operating below its equilibrium level.
C) business inventories will increase by $60 billion.
D) producers will plan to increase production further still.
E) the C + I line lies above the 45-degree line.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: If disposable income rises by $100 billion
Q47: An MPC of zero means the value
Q48: The value of the multiplier is<br>A) negative
Q49: If disposable income is held constant,aggregate consumption
Q50: If disposable income rises by $100 billion
Q52: The sensitivity of GDP to changes in
Q53: If total intended spending precisely equals GDP<br>A)
Q54: If a family's disposable income is $100,000
Q55: The slope of the saving function equals
Q56: When GDP is at its equilibrium value<br>A)