Author Question: What is the relationship between aggregate planned expenditure and real GDP at equilibrium ... (Read 113 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
What is the relationship between aggregate planned expenditure and real GDP at equilibrium expenditure?
 
  What will be an ideal response?

Question 2

An increase in quantity supplied is represented by a rightward shift of the supply curve.
 
  Indicate whether the statement is true or false


IRincones

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

Equilibrium expenditure occurs when aggregate planned expenditure equals real GDP.

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...

For a complete list of videos, visit our video library