Suppose the economy is at an equilibrium when C + I + G + X - M = $1,200.If the economy is currently at a real national income level of $1,400,then planned expenditures
A) exceed real national income,and output will increase.
B) are less than real national income,and output will decline.
C) are equal to real national income,and there will be no change in output.
D) are less than real national income,and output will increase.
Correct Answer:
Verified
Q65: Figure 9-4 Q66: If GDP is at an equilibrium level Q67: In Keynesian analysis,if investment remains constant when Q68: Total planned expenditures in a closed economy Q69: A lump-sum tax,such as a $1,000 tax Q71: A higher level of real national income Q72: If an economy saves 20 percent of Q74: If,at some level of output,total planned expenditures Q75: An increase in the price level causes Q276: For an investment to be considered autonomous,![]()
A)reduced
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