The figure given below shows the income-expenditure model. At point C, Figure 9.1 Aggregate expenditure (in billion dollars) C+I+G+(X-M) A B Real GDP (in billion dollars) a. producers experience an unexpected accumulation of inventory O b. consumption expenditure exceeds disposable income c. aggregate expenditure is exactly equal to real GDP d. real GDP exceeds aggregate expenditure O e. producers experience an unexpected loss of inventory
The figure given below shows the income-expenditure model. At point C, Figure 9.1 Aggregate expenditure (in billion dollars) C+I+G+(X-M) A B Real GDP (in billion dollars) a. producers experience an unexpected accumulation of inventory O b. consumption expenditure exceeds disposable income c. aggregate expenditure is exactly equal to real GDP d. real GDP exceeds aggregate expenditure O e. producers experience an unexpected loss of inventory
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 4.8P
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