The Keynesian equilibrium is defined to be when:
A. planned investment is equal to domestic consumption.
B. planned inventories equal to actual inventories, which leads to national net income equal to planned aggregate expenditure.
C. planned inventories equal to actual inventories, which leads to national income equal to planned aggregate expenditure.
D. planned spending is equal to expected spending from households.
Answer: C
You might also like to view...
Use the figure below to answer the following question:PriceQuantity Supplied$101089684726Over the $10 to $8 price range, the price elasticity of supply is
A. greater than 1. B. 1. C. less than 1. D. zero.
An export subsidy differs from a tariff in each of the following ways EXCEPT
A) a tariff generates revenue. B) a tariff is applied to imports. C) a tariff results in an efficiency loss. D) a tariff is a tax. E) a tariff discourages imports.
Many health insurers require a deductible where the policyholder pays the first part of any loss. The use of a deductible most directly treats the problem of:
A. moral hazard. B. people going uninsured. C. adverse selection. D. free riding.
State-chartered banks that are not members of the Federal Reserve System are examined by the _________.
Fill in the blank(s) with the appropriate word(s).