The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Aggregate planned expenditure is less than actual expenditure if real GDP is
A) $700 billion.
B) more than $700 billion.
C) less than $700 billion.
D) at the equilibrium level.
E) Both answers A and C are correct.
B
Economics
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Over a business cycle, the quantities of capital, human capital, and entrepreneurial talent
A) change gradually and do not fluctuate much. B) cycle alongside real GDP. C) are completely unpredictable and cannot be forecast. D) cycle more than real GDP. E) are constant and do not change.
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Liquidity preference theory indicates that at lower interest rates
A) investment is greater. B) money demand is greater. C) consumption is greater. D) money supply is greater.
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