Multiple Choice
The figure given below shows the income-expenditure model.At point C,_____.
Figure 9.1
A) consumption expenditure exceeds disposable income
B) producers experience an unexpected loss of inventory
C) aggregate expenditure is exactly equal to real GDP
D) real GDP exceeds aggregate expenditure
E) producers experience an unexpected accumulation of inventory
Correct Answer:
Verified
Correct Answer:
Verified
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