Author Question: What is the relationship between aggregate planned expenditure and real GDP at equilibrium ... (Read 107 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?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library