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 Yc, then aggregate planned expenditure is
A) greater than real GDP, and real GDP decreases.
B) less than real GDP, and real GDP decreases.
C) equal to real GDP, and real GDP neither increases nor decreases.
D) less than real GDP, and real GDP increases.
E) greater than real GDP, and real GDP increases.
Correct Answer:
Verified
Q60: Use the figure below to answer the
Q61: If AE = 100 + 0.7Y and
Q62: As real GDP decreases,
A)planned investment increases.
B)exports increase.
C)induced
Q63: Use the figure below to answer the
Q64: Everything else remaining the same, autonomous consumption
A)increases
Q66: Use the figure below to answer the
Q67: A change in consumption, in response to
Q68: Use the figure below to answer the
Q69: Suppose real GDP increases by $1 billion
Q70: Consumption expenditure minus imports, which varies with
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