Use the figure below to answer the following questions.
Figure 11.2.1
There are no exports or imports in this economy.
-Refer to Figure 11.2.1.When real GDP is equal to Ya, then
A) the economy is in equilibrium.
B) real GDP decreases.
C) actual expenditure is greater than planned expenditure.
D) planned expenditure is equal to actual expenditure.
E) actual expenditure is less than planned expenditure.
Correct Answer:
Verified
Q47: Use the figure below to answer the
Q48: When disposable income increases,
A)a movement occurs up
Q49: If there is an unplanned increase in
Q50: If real GDP is $3 billion and
Q51: An increase in autonomous consumption
A)shifts the consumption
Q53: The marginal propensity to consume
A)increases as the
Q54: Use the figure below to answer the
Q55: If aggregate planned expenditure is less than
Q56: Use the information below to answer the
Q57: The marginal propensity to import is equal
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