Which of the following statements concerning the equilibrium level of GDP is incorrect?
A) There will be no tendency for businesses to alter the aggregate rate of production.
B) Full employment will necessarily be realized.
C) No unintended changes in inventories will occur.
D) Leakages equal injections.
Correct Answer:
Verified
Q90: If the MPC in an economy is
Q91: If the economy is in equilibrium at
Q92: The U.S.recession of 2007-2009 provides a good
Q93: A recessionary expenditure gap exists if
A)planned investment
Q94: If the MPS is 0.25 and the
Q96: If the marginal propensity to consume in
Q97: (Last Word) Say's law and classical macroeconomics
Q98: The recessionary expenditure gap associated with the
Q99: If an increase in aggregate expenditures results
Q100: Equal increases in government purchases and taxes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents