Author Question: At the equilibrium price, the quantity of the good that buyers are willing and able to buy a. is ... (Read 64 times)

RYAN BANYAN · **on:** Jun 30, 2018

At the equilibrium price, the quantity of the good that buyers are willing and able to buy
a. is greater than the quantity that sellers are willing and able to sell.
b. exactly equals the quantity that sellers are willing and able to sell.
c. is less than the quantity that sellers are willing and able to sell.
d. there is no scarcity.

Question 2

For an economy in equilibrium, the Keynesian model suggests that the plot of aggregate expenditure against RGDP:
a. is a vertical line.
b. has slope lesser than 1.
c. has slope equal to 1.
d. is a horizontal line.