The equilibrium level of income will rise when:
a. planned consumption spending is less than real GDP.
b. taxes exceed saving.
c. supply exceeds demand.
d. planned inventory investment is negative.
e. aggregate expenditures exceed real GDP.
e
Economics
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When Jimmy is shopping for fire insurance for his condo, he finds that the insurance companies all require smoke detectors be installed before they will issue a policy. This is a way for the insurance companies to help reduce the problem of ________
Fill in the blank(s) with correct word
Economics
The argument that econometric policy evaluation is likely to be misleading if policymakers assume stable economic relationships is known as
A) the monetarist revolution. B) the Lucas critique. C) public choice theory. D) new Keynesian theory.
Economics