In a recessionary expenditure gap, the equilibrium level of real GDP is

A. greater than planned aggregate expenditures.
B. greater than full-employment real GDP.
C. less than planned aggregate expenditures.
D. less than full-employment real GDP.


Answer: D

Economics

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In 2015, U.S. GDP was almost

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Of the following countries, which grew most slowly, in terms of real GDP per person, over about the last 120 years?

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Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quickly and with fewer defects, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.

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