Solved

-Refer to the Above Diagram for a Private Closed Economy

Question 166

Multiple Choice

-Refer to the above diagram for a private closed economy.At the $100 level of GDP: A) aggregate expenditures will exceed GDP,causing GDP to fall. B) planned investment will exceed saving,but actual investment will be equal to saving. C) households will consume more than their income. D) saving will be $40.
-Refer to the above diagram for a private closed economy.At the $100 level of GDP:


A) aggregate expenditures will exceed GDP,causing GDP to fall.
B) planned investment will exceed saving,but actual investment will be equal to saving.
C) households will consume more than their income.
D) saving will be $40.

Correct Answer:

verifed

Verified

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

Related Questions

Q29: For a private closed economy, an unplanned

Q31: If the dollar appreciates relative to foreign

Q82: If Canada wants to increase its net

Q93: Imports have the same macroeconomic effect on

Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the

Q163: The investment schedule tends to be relatively

Q165: The letters Y,C,I<sub>g</sub>,X,and M stand for GDP,consumption,gross

Q169: Refer to the diagram below.The multiplier in

Q170: The letters Y,C,S,and I are used to

Q200: Suppose the economy's multiplier is 2.Other things