Multiple Choice
When real GDP exceeds aggregate planned expenditure
A) actual inventories decrease below their target.
B) the circular flow will increase.
C) GDP will decrease.
D) a higher level of equilibrium income will prevail.
Correct Answer:
Verified
Related Questions
Q194: If aggregate planned expenditure is less than
Q195: Suppose the equilibrium level of expenditure is
Q196: Suppose the equilibrium level of expenditure is
Q197: At equilibrium expenditure
A) consumers' expenditures on goods
Q198: At equilibrium expenditure, unplanned changes in inventory
A)
Q200: In the aggregate expenditure model, when real
Q201: Real GDP equals $20 billion and aggregate