This topic contains a solution. Click here to go to the answer

Author Question: In the simple Keynesian aggregate expenditure model, the equilibrium level of disposable income is ... (Read 110 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
In the simple Keynesian aggregate expenditure model, the equilibrium level of disposable income is achieved when:
 a. the employment rate is equal to the labor force participation rate.
  b. saving equals investment.
 c. aggregate expenditures exceed output.
 d. aggregate expenditures are equal to real disposable income.

Question 2

Though many assets can be used as a store of value, money is a particularly attractive method to store value because:
 a. it increases in value as prices rise.
  b. its purchasing power does not decline when prices rise.
  c. it is the most liquid of all assets.
  d. it is backed by gold.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

d

Answer to Question 2

c





 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library