At the Equilibrium Level of Income, Which of the Following

question 59

Multiple Choice

At the equilibrium level of income, which of the following is true?

• A)Unplanned inventory changes are positive
• B)Firms are unable to produce the desired rate of output
• C)Autonomous consumption spending is equal to induced consumption spending
• D)Aggregate expenditures equal real GDP
• E)Unplanned investment spending is positive

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Definitions:

Stages of Change

A model describing the process by which individuals move through a series of steps when changing behavior, including precontemplation, contemplation, preparation, action, and maintenance.

Precontemplation

The stage of change in which an individual is not yet considering change or is unaware of the need to change.

Preparation

The action or process of getting something ready for use or consideration, involving planning and arrangement.

Avoid Social Situations

The act of intentionally staying away from events or places where people gather, often due to anxiety, discomfort, or personal preference.