Total spending will equal total output
a. after inventory adjustments
b. only when total leakages are equal to total injections
c. by the end of every year
d. only when the sum of saving and investment equals the sum of net taxes and government expenditures
e. saving is equal to net taxes
B
You might also like to view...
Deciding if a power company will generate electricity from wind power or coal answers the economic question of
A) what products will be produced. B) where will the products be consumed. C) who consumes the products produced. D) how will the products be produced.
The sum of the current, capital and official settlements accounts is always zero
Indicate whether the statement is true or false
The liquidity approach to measuring the money supply uses
A. M1 plus some highly liquid assets. B. M1 only. C. near moneys only. D. M2 plus some highly liquid assets.
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline