Multiple Choice
Refer to the graph above for a private closed economy. When output or income is $350 billion there will be:
A) Equilibrium GDP
B) Saving exceeding planned investment
C) Unplanned increases in inventories
D) Unplanned decreases in inventories
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Classical economists held the view that in
Q7: Which of the following statements is correct?<br>A)
Q10: When planned investment exceeds saving in a
Q11: Injections into the income-expenditure stream include:<br>A) Transfer
Q12: A rightward shift of the investment demand
Q13: When saving is less than planned investment
Q14: A constitutional amendment is passed that requires
Q60: One basic assumption of the aggregate expenditures
Q80: If the expected rates of return from
Q118: In the aggregate expenditures model of the