When saving is less than planned investment in the aggregate expenditures model of a private closed economy then:
A) Real GDP will decrease
B) The rate of interest will decline
C) There will be a decline in the price level
D) There will be a rise in real GDP
Correct Answer:
Verified
Q22: Q23: The data below are for a private Q24: When the economy is at its equilibrium Q25: The table shows a private closed economy. Q26: Saving is $15 billion at the $125 Q28: The table shows a private closed economy. Q29: If GDP exceeds aggregate expenditures in a Q30: In the flow of income and spending,
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