The Aggregate Output Demanded for a Given Price Level Occurs

question 53

Multiple Choice

The aggregate output demanded for a given price level occurs at the point where:

• A)an economy reaches the full employment of labor.
• B)aggregate expenditure equals real GDP.
• C)actual aggregate expenditures exceeds real GDP.
• D)inventories of goods and services are increasing.
• E)inventories of goods and services are decreasing.

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Definitions:

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