Which of the following is true at the equilibrium level of income?
a. Unplanned inventory changes are positive.
b. Firms are unable to produce the desired rate of output.
c. Autonomous consumption spending is equal to induced consumption spending.
d. Aggregate expenditures equal real GDP.
e. Unplanned investment spending is positive.
d
Economics
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In the above figure, what factor might have caused the shift in the short-run Phillips curve from SRPC1 to SRPC2?
What will be an ideal response?
Economics
Refer to Figure 10.3. What quantity will the monopsonist purchase to maximize profit?
A) Q1 B) Q2 C) Q3 D) Q4 E) none of the above
Economics