When real GDP is in equilibrium with no government and no international trade
A) real planned investment spending equals real planned saving.
B) real planned investment equals real planned consumption spending.
C) unplanned inventories are increasing.
D) unplanned inventories are decreasing.
A
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John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
A. economic expansion of the 1920s B. the Great Depression C. spectacular economic growth during World War II D. bank panic of 1907
Urban renewal destroyed potential housing for the homeless
a. True b. False
If a perfectly competitive firm cannot cover all of its costs, then it should shut down in the short run
a. True b. False Indicate whether the statement is true or false
A country with an undervalued currency
a. will have a balance of payments deficit. b. will accumulate reserves of foreign currencies. c. will suffer losses of foreign reserves. d. must intervene in the foreign exchange market to buy its own currency.