Planned aggregate expenditures are represented by a line that is:
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.
Correct Answer:
Verified
Q86: Income-expenditure equilibrium real GDP is the level
Q87: If real GDP is smaller than planned
Q88: The slope of the consumption function equals
Q89: Whenever planned aggregate spending exceeds real GDP,
Q90: Aggregate spending increases when:
A) unplanned investment spending
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)
Q95: Income-expenditure equilibrium occurs when:
A) real GDP equals
Q96: An unplanned fall in inventories leads to:
A)
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