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Author Question: Refer to Figure 12-1.At pointLin the figure above, which of the following is true? (Read 246 times)

CQXA

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Question 1

Figure 12-1









Refer to Figure 12-1.  According to the figure above, at what point is aggregate expenditure greater than GDP?


J
K
L
◦ None of these

Question 2

Figure 12-1









Refer to Figure 12-1. At point L in the figure above, which of the following is true?


◦ Aggregate expenditure is greater than GDP.
◦ The economy has achieved macroeconomic equilibrium.
◦ Actual inventories are greater than planned inventories.
◦ GDP will be increasing.


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Marked as best answer by CQXA on Mar 16, 2019

af

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CQXA

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


aruss1303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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