Along the 45-degree reference line
A. total planned nominal expenditures = consumption.
B. total planned real expenditures = real GDP.
C. total planned real expenditures = planned nominal expenditures.
D. total planned investment spending = planned real expenditures.
Answer: B
You might also like to view...
Economists measure opportunity cost
A) as equal to the sum of all the sunk costs. B) only when it is on the margin. C) as the best thing given u
Explain what would happen to the equilibrium price and quantity of gasoline if the supply of gasoline decreased while the demand for gasoline also decreased
What will be an ideal response?
Given the current structure of the Social Security and Medicare programs, the retirement of the baby boom generation during the years following 2012 will be most likely to
a. reduce government expenditures on health care and income transfers. b. increase government expenditures on health care and income transfers. c. result in large budget surpluses. d. result in lower tax rates.
In Graph A, if the price of computers changes from Point B to Point A, what type of change will happen in Graph B?
a. a shift down
b. a shift up
c. a shift to the right
d. a shift to the left