Figure 9-1
-In Figure 9-1,
A) the 45° line represents all points where spending equals output.
B) to the left of equilibrium GDP, inventories will rise.
C) to the right of equilibrium GDP, inventories will fall.
D) the level of equilibrium GDP equals potential GDP.
Correct Answer:
Verified
Q95: If total spending is less than the
Q96: The expenditure schedule will shift upward when
A)investment
Q97: Figure 9-1 Q98: The amount by which equilibrium real GDP Q99: Two variables that affect the slope of Q101: Inventory reductions are a signal indicating that Q102: The equilibrium level of GDP is the Q103: In the 2007-2009 period, the expenditure level Q104: Which one of the following could cause Q105: A recessionary gap exists when potential GDP
A)the
A)falls
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