Real GDP
A) is always greater then aggregate income.
B) is always less than aggregate income.
C) might be less than or more than aggregate income depending on consumption.
D) is equal to aggregate income.
Correct Answer:
Verified
Q1: Disposable income is
A) income minus saving.
B) income
Q8: Which of the following statements is FALSE?
A)
Q10: The Keynesian model of aggregate expenditure describes
Q11: An increase in real GDP leads to
A)
Q12: In the very short run, the components
Q13: According to the Keynesian theory, the typical
Q14: The components of aggregate expenditure include
I. imports.
II.
Q18: A consumption function shows a
A) negative (inverse)
Q19: Disposable income is equal to
A) consumption expenditure
Q20: If firms set prices and then keep
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