In the aggregate expenditures model, which of the following variables is assumed to be independent of real GDP?
A) profit
B) saving
C) investment
D) consumption
Correct Answer:
Verified
Q131: Net exports are negative when
A)net exports exceed
Q132: Which of the following will not occur
Q133: Recently, the level of GDP has declined
Q134: When planned investment exceeds saving in a
Q135: When aggregate expenditure is greater than GDP,
Q137: Other things being equal, a decrease in
Q138: In the flow of income and spending,
Q139: Which of the following is not true
Q140: Planned investment is $20 billion and saving
Q141: A personal tax cut of $50 billion
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