On the 45-degree line diagram, for points that lie below the 45-degree line
A) planned aggregate expenditure is less than GDP.
B) planned aggregate expenditure is greater than GDP.
C) planned aggregate expenditure is equal to GDP.
D) planned aggregate expenditure is less than aggregate income.
A
Economics
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In the Keynesian cross diagram, if the aggregate expenditure line intersects the 45-degree line at potential GDP, then the economy is in recession
a. True b. False Indicate whether the statement is true or false
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The primary motivation for economic immigration is:
A. the prospect of paying lower prices for goods and services. B. to flee political oppression. C. the opportunity to increase earnings and standard of living. D. to reunite with family members.
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