Use the figure below to answer the following questions.
Figure 11.2.1
There are no exports or imports in this economy.
-Refer to Figure 11.2.1.When real GDP is equal to Ya, then aggregate planned expenditure
A) exceeds real GDP, and real GDP increases.
B) exceeds real GDP, and real GDP decreases.
C) is less than real GDP, and real GDP decreases.
D) is equal to real GDP, and real GDP neither increases nor decreases.
E) is less than real GDP, and real GDP increases.
Correct Answer:
Verified
Q55: If aggregate planned expenditure is less than
Q56: Use the information below to answer the
Q57: The marginal propensity to import is equal
Q58: If aggregate planned expenditure exceeds real GDP,
Q59: The marginal propensity to import is calculated
Q61: If AE = 100 + 0.7Y and
Q62: As real GDP decreases,
A)planned investment increases.
B)exports increase.
C)induced
Q63: Use the figure below to answer the
Q64: Everything else remaining the same, autonomous consumption
A)increases
Q65: Use the figure below to answer the
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