Multiple Choice
The quantity of real GDP demanded on the AD curve is the equilibrium real GDP when
A) aggregate planned expenditure is greater than real GDP.
B) equilibrium expenditure is greater than real GDP.
C) aggregate planned expenditure equals real GDP.
D) aggregate planned expenditure is less than real GDP.
E) the price level equals the equilibrium price level.
Correct Answer:
Verified
Correct Answer:
Verified
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