Equilibrium Expenditure Is the Level of Aggregate Expenditure When

question 33

Multiple Choice

Equilibrium expenditure is the level of aggregate expenditure when

• A) aggregate production equals real GDP.
• B) aggregate actual expenditure equals real GDP.
• C) aggregate planned expenditure equals real GDP.
• D) aggregate private expenditure equals real GDP.
• E) planned inventory investment equals zero.

---

Definitions:

Transformational Grammar

A linguistic theory proposed by Noam Chomsky that describes how deep structures of language are transformed into surface structures.

Deep Structure

In linguistics, the underlying syntactic structure or meaning of a sentence, as opposed to its surface form.

Surface Structure

In linguistics, the superficial appearance or syntax of a sentence, as opposed to the deeper, underlying meaning.

Flexibility

The quality of being adaptable or variable, referring to the ability to adjust to new conditions or the capacity of being bent or stretched.