Figure 11.2.2

Refer to Figure 11.2.2, which shows an economy's aggregate expenditure curve. If the economy has no exports or imports and real GDP is equal to Y c , which of the following statements is correct?

Question

Figure 11.2.2 
 
 Refer to Figure 11.2.2, which shows an economy's aggregate expenditure curve. If the economy has no exports or imports and real GDP is equal to  Y c , which of the following statements is correct?

Answer

Real GDP increases in the short run.

Answer

Actual expenditure is less than planned expenditure.

Answer

Actual expenditure is greater than planned expenditure.

Answer

Planned expenditure is equal to actual expenditure.

Answer

The economy is at equilibrium expenditure.

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Figure 11.2.2 Refer to Figure 11.2.2, which shows an economy's aggreg...

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