Solved

On the 45 Degree Line-Diagram,for Points That Lie Above the 45

Question 116

Multiple Choice

On the 45 degree line-diagram,for points that lie above the 45 degree line


A) planned aggregate expenditure is greater than GDP.
B) planned aggregate expenditure is less than GDP.
C) planned aggregate expenditure is equal to GDP.
D) planned aggregate expenditure is less than aggregate income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q111: The components of aggregate expenditure are<br>A)consumption,actual investment,and

Q112: What are the five main determinants of

Q113: If planned aggregate expenditure is greater than

Q114: Macroeconomic equilibrium can occur at any point

Q115: If aggregate expenditure is less than GDP,how

Q117: In a small economy in 2018,aggregate expenditure

Q118: Table 12-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-3

Q119: C = 2,800 + 0.9Y<br>I = 750<br>G

Q120: Given the equations for C,I,G,and NX below,what

Q121: An increase in the price level results