A decrease in aggregate expenditure has what result on equilibrium GDP?
A) Equilibrium GDP falls.
B) Equilibrium GDP rises.
C) Equilibrium GDP is not affected by a decrease in aggregate expenditure.
D) Equilibrium GDP may rise or fall depending on the size of the decrease in aggregate expenditure relative to the initial level of GDP.
A
Economics
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The tragedy of commons is the
A) underuse of a common resource. B) absence of incentives for people to pay for what they consume. C) fact that common resources are nonrival. D) overuse of a common resource.
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