In the figure above, if real GDP is $20 trillion, aggregate planned expenditure is are Select...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In the figure above, if real GDP is $20 trillion, aggregate planned expenditure is are Select one: O A. equal to; rising compared to the desired level. B. less than; rising compared to the desired level. O C. equal to; equals to zero O D. equal to; falling compared to the desired level. $20 trillion and inventories Aggregate planned expenditure (trillions of 2009 dollars) 25 20 15 10 5 0 45° line AE 10 15 20 Real GDP (trillions of 2009 dollars) In the figure above, if real GDP is $20 trillion, aggregate planned expenditure is are Select one: O A. equal to; rising compared to the desired level. B. less than; rising compared to the desired level. O C. equal to; equals to zero O D. equal to; falling compared to the desired level. $20 trillion and inventories Aggregate planned expenditure (trillions of 2009 dollars) 25 20 15 10 5 0 45° line AE 10 15 20 Real GDP (trillions of 2009 dollars)
Expert Answer:
Answer rating: 100% (QA)
9 AE see from graph at As we is at Point B Point B and A are 1 CS S... View the full answer
Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
Posted Date:
Students also viewed these general management questions
-
If real GDP is $30 trillion, calculate disposable income, consumption expenditure, and aggregate planned expenditure. What is equilibrium expenditure? In an economy with no exports and no imports,...
-
The circuit shown in the figure above is at steady state when the switch open at time t = 0. Determine v(t) for t? 0. 30 30 50F 1= 0 15 v(0) 360 (+
-
If Real GDP is $10.4 trillion in Exhibit 12, what is the state of business inventories?
-
Katz Hat Shop received a shipment of hats for which it paid the wholesaler $2,970. The price of the hats was $3,000, but Katz was given a $30 cash discount and required to pay freight charges of $50....
-
A torsion pendulum consists of a metal disk with a wire running through its center and soldered in place. The wire is mounted vertically on clamps and pulled taut. Figure a gives the magnitude ? of...
-
SNMP initially appeared in 1988, but it did not receive widespread adoption. - What have been the issues with SNMP, and have they been addressed? - How widely used is SNMP now? Find some examples of...
-
Why can management compensation in the form of stock create value?
-
A steam pipe is wrapped with insulation of inner and outer radii, r i and r o , respectively. At a particular instant the temperature distribution in the insulation is known to be of the form Are...
-
c. Some media limit the ability to provide detailed information d. All of above Q46. Public Relations - Any communication that fosters a favorable image for the retailer among its public's T/F Q47.3...
-
How would you detect the distribution of the constituents of human hair with a diameter of about 80 m using methods of vibrational spectroscopy? Describe the use of at least two different approaches;...
-
The probability that a specific brand of water heater produces the water temperature it is set to produce is seven tenths . Determine the probability that if five of these water heaters are selected...
-
Hall Company had sales in 2010 of \(\$ 1,500,000\) on 60,000 units. Variable costs totaled \(\$ 720,000\), and fixed costs totaled \(\$ 400,000\). A new raw material is available that will decrease...
-
_____ is a higher-than-minimum, federally mandated wage, required for nonexempt employees if they work more than a certain number of hours in a week.
-
A business issued a 60-day, 12% note for $25,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of (a) the issuance of thenote and (b) the payment of the...
-
_____ occurs when new employees require higher starting pay than the historical norm, causing narrowing of the pay gap between experienced and new employees.
-
_____ is a hierarchy of jobs and their rates of pay within the organization.
-
Park-it is a privately owned company that owns and operates parking lots in Toronto, Montreal, andVancouver. Th e parking lots are all located in prime downtown space. Given the shortage of parking...
-
By referring to Figure 13.18, determine the mass of each of the following salts required to form a saturated solution in 250 g of water at 30 oC: (a) KClO3, (b) Pb(NO3)2, (c) Ce2(SO4)3.
-
What is the CPI and how is it calculated?
-
How might inflation targeting improve U.S. monetary policy?
-
Real exports of goods and services increased 4.2 percent in the second quarter, after falling 0.2 percent in the first quarter. Real imports of goods and services increased 2.7 percent, after falling...
-
Sprague Company manufactures basketballs. Materials are added at the begin- ning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July...
-
(Target Costing) Driftwood Industries currently sells coffee tables for \($450\) each. It has costs per table of \($330.\) A new competitor is opening in the same mall as Driftwood and offers a...
-
Elite Company has several processing departments. Costs charged to the Assembly Department for November 2002 totaled $2,129,000 as follows. Production records show that 30,000 units were in beginning...
Study smarter with the SolutionInn App