Solved

Exhibit 10-3 -Which of the Following Best Describes the Situation at Point

Question 73

Multiple Choice

Exhibit 10-3 Exhibit 10-3 -Which of the following best describes the situation at point B in Exhibit 10-3? A) consumption expenditures exceeds disposable income B) real GDP exceeds aggregate expenditure C) aggregate expenditure is exactly equal to real GDP D) aggregate expenditure exceeds real GDP E) producers are experiencing an unexpected accumulation of inventory
-Which of the following best describes the situation at point B in Exhibit 10-3?


A) consumption expenditures exceeds disposable income
B) real GDP exceeds aggregate expenditure
C) aggregate expenditure is exactly equal to real GDP
D) aggregate expenditure exceeds real GDP
E) producers are experiencing an unexpected accumulation of inventory

Correct Answer:

verifed

Verified

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

Related Questions

Q12: What is the effect of an increase

Q41: Suppose that at a particular level of

Q74: A primary determinant of consumption spending is

Q86: If the full employment level of income

Q91: What is the effect of an increase

Q103: We can use an aggregate expenditure line

Q134: Increases in the marginal propensity to consume,other

Q140: An increase in the U.S.price level,other things

Q141: An increase in planned investment would shift

Q143: In the simple aggregate expenditure model,the slope