Solved

Exhibit 10-4 -In Exhibit 10-4,assume the Economy Is in Equilibrium with Real

Question 81

Multiple Choice

Exhibit 10-4 Exhibit 10-4   -In Exhibit 10-4,assume the economy is in equilibrium with real GDP of $5 trillion dollars.If aggregate expenditure (AE) increases by $1 trillion,we would expect the economy's equilibrium real GDP to A)  increase by $1 trillion B)  increase by more than $1 trillion C)  increase by less than $1 trillion D)  decrease by $1 trillion E)  remain unchanged
-In Exhibit 10-4,assume the economy is in equilibrium with real GDP of $5 trillion dollars.If aggregate expenditure (AE) increases by $1 trillion,we would expect the economy's equilibrium real GDP to


A) increase by $1 trillion
B) increase by more than $1 trillion
C) increase by less than $1 trillion
D) decrease by $1 trillion
E) remain unchanged

Correct Answer:

verifed

Verified

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

Related Questions