Equilibrium expenditure occurs when
A) real GDP minus net taxes equals disposable income.
B) disposable income equals consumption expenditures plus imports.
C) disposable income equals real GDP.
D) aggregate planned expenditure equals real GDP.
E) real GDP plus net taxes equals disposable income.
D
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An appreciation of the U.S. dollar
A) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports. B) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports. C) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports. D) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
The type of policy that involves interest rates and the availability of loanable funds is known as:
A) fiscal policy. B) monetary policy. C) strategic financial policy. D) federal policy.