As real GDP ________, aggregate planned expenditure ________

A) decreases; remains the same, because it is independent from real GDP
B) increases; remains the same, because the increase in some components is precisely offset by the decrease in others
C) increases; decreases
D) decreases; increases
E) increases; increases


E

Economics

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Expected utility theory assumes that individuals have utility functions over a composite consumption good.

Answer the following statement true (T) or false (F)

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Since 1950,

A) the average length of expansions in the United States have become longer as compared to before 1950. B) the average length of expansions in the United States have become shorter as compared to before 1950. C) economic expansions in the United States have been so short that expansions barely exist. D) the average length of expansions in the United States are about the same length as compared to before 1950.

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The gold standard was helpful in stabilizing economies during the Great Depression

Indicate whether the statement is true or false

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