In the Short Run,when Output Equals Planned Aggregate Expenditure

question 170

Multiple Choice

In the short run,when output equals planned aggregate expenditure,

• A) potential output equals GDP.
• B) planned private-sector investment equals actual private-sector investment.
• C) autonomous planned aggregate expenditure equals induced planned aggregate expenditure.
• D) planned private-sector investment is greater than actual private-sector investment.
• E) planned private-sector investment is less than actual private-sector investment.

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Definitions:

Intellectual Growth

The development of mental capacity and cognitive skills, including problem-solving, critical thinking, and the acquisition of knowledge.

Conservation

The principle in cognitive development that recognizes the ability to understand that redistributing material does not affect its mass, number, or volume.

Accommodation

In psychology, accommodation refers to adjusting one's schemas and perceptions to incorporate new information, as described by Jean Piaget in his theory of cognitive development.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.