In the Aggregate Expenditures Model, Equilibrium GDP in a Private

question 165

Multiple Choice

In the aggregate expenditures model, equilibrium GDP in a private closed economy is indicated by:

• A)the equality of saving and planned investment.
• B)the intersection of aggregate expenditures and the 45-degree line.
• C)the absence of unplanned changes in inventories.
• D)all of the above.

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