Income-expenditure equilibrium occurs when:
A) real GDP equals planned aggregate spending.
B) real GDP equals actual aggregate spending.
C) real GDP equals unplanned aggregate expenditure.
D) consumption and investment are equal.
Correct Answer:
Verified
Q90: Aggregate spending increases when:
A) unplanned investment spending
Q91: Planned aggregate expenditures are represented by a
Q92: The slope of the planned aggregate spending
Q93: The Keynesian cross was developed by:
A) John
Q94: At the income-expenditure equilibrium, _ is zero.
A)
Q96: An unplanned fall in inventories leads to:
A)
Q97: Whenever real GDP exceeds planned aggregate spending:
A)
Q98: In an economy without government purchases, government
Q99: The planned aggregate spending line has a
Q100: An increase in the expected disposable income
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