Author Question: Which of the following does NOT occur when the economy is operating at the equilibrium level of GDP? ... (Read 67 times)

Yi-Chen · **on:** Jun 30, 2018

Which of the following does NOT occur when the economy is operating at the equilibrium level of GDP?

A) Total planned expenditures equal real GDP. B) Planned investment equals actual investment.
C) Inventory investment equals zero. D) Real GDP tends to rise over time.

Question 2

A demand curve is defined as the relationship between

A) the income of consumers and the quantity of a good that producers are willing to sell.
B) the income of consumers and the quantity of a good that consumers are willing to buy.
C) the price of a good and the quantity of that good that producers are willing to sell.
D) the price of a good and the quantity of that good that consumers are willing to buy.