Assume an Economy Is in Equilibrium at a Real GDP

question 66

Multiple Choice

Assume an economy is in equilibrium at a real GDP of $5 trillion.If aggregate expenditure (AE) increases by $1 trillion,the economy's equilibrium real GDP is likely to _____.

• A)increase by $1 trillion
• B)increase by more than $1 trillion
• C)increase by less than $1 trillion
• D)decrease by $1 trillion
• E)decrease by more than $1 trillion

---

Definitions:

HR Practice

Human Resource practices involve the strategies, policies, and methods implemented by an organization to manage its workforce effectively.

Compensation Plans

Schemes or strategies for rewarding employees financially based on their performance, position, or tenure.

Inimitable Corporate Culture

A unique set of behaviors, values, and practices within a company that cannot be easily replicated by competitors.

Integrated System

A cohesive system that combines various processes, functions, or software to work as a single unit.