Exhibit 9-3 Keynesian aggregate expenditures model
As shown in Exhibit 9-3, if GDP is $6 trillion, the economy experiences unplanned inventory:
A) depletion of $2 trillion.
B) depletion of $6 trillion.
C) accumulation of $2 trillion.
D) accumulation of $6 trillion.
Correct Answer:
Verified
Q20: When the spending of consumers, businesses, government,
Q21: The spending multiplier indicates that:
A) changes in
Q22: In the aggregate expenditures model, if aggregate
Q23: Exhibit 9-1 GDP and consumption data
Q24: If actual real GDP is greater than
Q26: Within the simple Keynesian Cross model,
Q27: At the equilibrium level of real GDP,
Q28: In the aggregate expenditures model, if aggregate
Q29: Which of the following correctly describes the
Q30: According to the Keynesian model, an economy
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