The economy will be in equilibrium when
A) planned total expenditure equals real GDP.
B) national income equals real GDP.
C) planned total expenditure equals planned private savings.
D) government purchases equal tax revenue.
Correct Answer:
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Q61: If the real interest rate decreases,
A) the
Q62: If foreign real income decreases,
A) the slope
Q63: If foreign real income decreases,
A) the marginal
Q64: If the marginal propensity to consume is
Q65: If Cy = .75, t = .3,
Q67: On the income-expenditure diagram, the economy reaches
Q68: The equilibrium level of national income is
Q69: If the level of autonomous expenditures is
Q70: If the autonomous level of spending is
Q71: The economy can be out of equilibrium
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