In equilibrium,
A) income = planned expenditures.
B) unplanned inventory investment is zero.
C) Ep (planned expenditures) crosses the 45-degree income line.
D) all of the above.
D
Economics
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If an American firm produces goods that are sold to a German household, then
A) German GDP increases but not U.S. GDP. B) U.S. GDP increases. C) the transaction is considered an export in the German GDP accounts. D) net exports in the United States will not change because an export immediately generates an offsetting import.
Economics
Explain why having different marginal rates of substitution is necessary for trade to occur
What will be an ideal response?
Economics