Equilibrium GDP



A. is below $4 trillion.

B. is above $4 trillion.

C. is exactly $4 trillion.

D. cannot be determined.


C. is exactly $4 trillion.

Economics

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A general formula for the multiplier is

A) 1/(1-MPS) B) 1/(MPC) C) 1/(MPS) D) 1/(MPC-1)

Economics

If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was:

a. 325 percent. b. 25 percent. c. 5 percent. d. 8 percent.

Economics

In the simple circular-flow diagram, who buys the factors of production?

a. households only b. firms only c. both households and firms d. neither households nor firms

Economics

What factors might cause the interest rates to differ? Explain

What will be an ideal response?

Economics