Multiple Choice
Figure 12-1
-Refer to Figure 12-1.At point L in the figure above,which of the following is true?
A) Aggregate expenditure is greater than GDP.
B) The economy has achieved macroeconomic equilibrium.
C) Actual inventories are greater than planned inventories.
D) GDP will be increasing.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Disposable income is defined as<br>A)national income -
Q6: An increase in Social Security payments will<br>A)increase
Q7: Suppose the United States experiences a long
Q8: Figure 12-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-4
Q9: Which of the following is a true
Q11: If consumption is defined as C =
Q12: Explain,in detail,how the adjustment to macroeconomic equilibrium
Q13: The larger the MPS,the smaller the value
Q14: Which of the following is a true
Q15: Table 12-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-12