In the above figure, if the price level is 150
A) total planned production exceeds total expenditures.
B) total planned production is less than total expenditures.
C) total expenditures exceed total planned expenditures.
D) total planned production equals total expenditures.
A
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The current account records foreign investment in the United States minus U.S. investment abroad
Indicate whether the statement is true or false
Which of the following people—none of whom has any financial or housing wealth—is most likely to be spending all of their current income?
A) a low income person expecting continued low income throughout life B) a low income person expecting a dramatic rise in income in the future C) a high income person expecting continued high income throughout life D) a high income person expecting a dramatic drop in income in the future E) a high income person expecting to retire soon, and live for a long time afterward