With Planned Expenditure and the Equilibrium Condition Y = PE

question 38

Multiple Choice

With planned expenditure and the equilibrium condition Y = PE drawn on a graph with income along the horizontal axis, if income exceeds expenditure, then income is to the ______ of equilibrium income and there is unplanned inventory ______.

• A) right; decumulation
• B) right; accumulation
• C) left; decumulation
• D) left; accumulation

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Definitions:

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.

Self-Discipline

The capacity to manage one's emotions and conquer personal shortcomings, along with the determination to follow through on what is believed to be correct, despite being tempted to give up.

Coerced

Being forced to do something or being pressured into it against one's will.

Conscientious

Characterized by a person's desire to do their work or fulfill their duties well and thoroughly.