The Relationship Between Aggregate Planned Expenditure and Real GDP Is

question 128

Multiple Choice

The relationship between aggregate planned expenditure and real GDP is called the

• A) consumption function.
• B) dissaving function.
• C) equilibrium function.
• D) aggregate expenditure function.

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Definitions:

Federal Level

Pertaining to the central government of a federation as opposed to state, provincial, or local levels.

Government Spending

Expenditures by the government for goods and services that government consumes for public purposes or to benefit its citizens.

Fiscal Year

A 12-month period that businesses and governments use for accounting purposes, which may or may not align with the calendar year.