For each one dollar increase in real GDP, aggregate planned expenditure

A) increases by less than a dollar.
B) increases only if autonomous expenditure increases.
C) increases by one dollar.
D) increases by more than a dollar.
E) is unaffected.


A

Economics

You might also like to view...

Public choice deals with

A) negative and positive externalities. B) public-sector decision making. C) how people choose between several mutually exclusive options. D) bond, stock, and money markets. E) none of the above

Economics

The forward exchange rate:

a. allows investors to be sure of the price at which they can trade forex in the future. b. is the rate at which a trader can purchase currency for immediate delivery. c. is the rate of discount that international banks get when they purchase. d. is the rate that speculators consider if they are looking for bargain prices .

Economics

Exhibit 10-3 Aggregate supply and demand curves In Exhibit 10-3, the change in equilibrium from E1 to E2 represents:

A. deflation. B. demand-pull inflation. C. price-push inflation. D. cost-push inflation.

Economics

Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.  Figure 9.3Refer to Figure 9.3. This firm's short-run supply curve is the firm?s

A. marginal cost curve above Point D. B. AVC curve to the right of Point B. C. marginal cost curve above Point B. D. marginal cost curve above Point A.

Economics