If aggregate expenditure decreases, then equilibrium output increases.
Answer the following statement true (T) or false (F)
False
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Expansionary fiscal policy crowds out both domestic investment and net exports
Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) Economists empirically test their models. B) Economic models are not used to forecast. C) An economic model should capture only the essential relationships that are sufficient to analyze the particular problem being studied. D) Economic models relate to behavior rather than to individual thought processes.
Unequal incomes can arise from: a. discrimination
b. worker preferences. c. differences in educational backgrounds. d. all of the above.
Monopolistically competitive markets feature heterogeneous products
a. True b. False Indicate whether the statement is true or false