At equilibrium income:
A)planned and actual expenditure are equal.
B)GDP will remained unchanged until an exogenous shock occurs.
C)unplanned inventories are equal to zero.
D)all of the above.

Question

Quizplus · Accepted Answer

At equilibrium income, planned and actual expenditure are equal, which means there are no unplanned inventories. Because all factors are in balance, GDP will remain constant until an external shock occurs. Therefore, all three statements are correct.

At Equilibrium Income