Quiz_229 - 27 , A , B C D

This preview shows page 1 - 3 out of 4 pages.

27) If firms sell exactly what they expected to sell, all of the following will be trueexceptA) inventories will not change, and GDP and employment will remain stable.B) there is no unplanned change in inventories.C) aggregate expenditure will be greater than GDP.D) aggregate expenditure will be equal to GDP.Answer: C27)Diff: 2Page Ref: 752/346Topic: Macroeconomic EquilibriumLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking28) If economists forecast a decrease in aggregate expenditure, which of the following is likely tooccur?28)Diff: 2Page Ref: 752/346Topic: Macroeconomic EquilibriumLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.29) If planned investment is greater than actual investment, then aggregate expenditure is less thanGDP.29)Answer:TrueFalseDiff: 2Page Ref: 751/345Topic: Planned Investment and Actual InvestmentLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking30) Aggregate expenditure includes consumption spending, unplanned investment spending,government purchases, and net exports.30)Answer:TrueFalseDiff: 2Page Ref: 751/345Topic: The Aggregate Expenditure ModelLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking31) If aggregate expenditure is more than GDP, then inventories fall and GDP rises.31)Answer:TrueFalseDiff: 2Page Ref: 752/346Topic: The Aggregate Expenditure ModelLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking7
Background image
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
Background image
Image of page 3

You've reached the end of your free preview.

Want to read all 4 pages?

  • Spring '11
  • Lee
  • Economics, Prime number, AACSB, Page Ref, Green Line, Reflective thinking

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes