In the simple Keynesian aggregate expenditure model, the equilibrium level of disposable income is achieved when:
a. the employment rate is equal to the labor force participation rate.
b. saving equals investment
c. aggregate expenditures exceed output.
d. aggregate expenditures are equal to real disposable income.
d
Economics
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When an investment bank ________ securities, it guarantees a price for a corporation's securities and then sells them to the public
A) underwrites B) undertakes C) overwrites D) overtakes
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How might department stores best protect themselves against the risk of recession?
A) Buy insurance policies that pay off when a recession occurs. B) Stand ready to go out of business if a recession occurs. C) Sell goods that are complements to one another. D) Sell both substitute and complement goods. E) Sell both normal and inferior goods.
Economics