If total spending is greater than current output, GDP will rise.
Correct Answer:
Verified
Q9: When spending is less than production, inventories
Q10: Injections to the circular flow model include
Q11: When income rises, total expenditures remain constant.
Q12: Equilibrium is the point where total spending
Q13: The expenditure schedule includes the consumption function.
Q15: When total spending is less than production,
Q16: If investment spending depends on GDP, this
Q17: When demand for goods and services is
Q18: In a simplified circular flow model with
Q19: Equilibrium GDP occurs when total spending equals
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