In the short run with predetermined prices when output is greater than planned

# In the short run with predetermined prices when

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56.In the short run with predetermined prices, when output is greater than planned aggregate expenditure: A. potential output is greater than short-run equilibrium output.B. potential output is less than short-run equilibrium output.C. planned investment is less than actual investment.D. planned investment is greater than actual investment. Subscribe to view the full document.

57.In the short run with predetermined prices, when output is less than planned aggregate expenditure: 58.In the short run with predetermined prices, when output is greater than planned aggregate expenditure, firms will: Subscribe to view the full document.

59.In the short run with predetermined prices, when output is less than planned aggregate expenditure, firms will: 60.In the Keynesian cross diagram the ____ line relates planned aggregate expenditure to output and the _____ line represents the condition that planned aggregate expenditure equals short-run equilibrium output. A. consumption function; 45° B. 45°; consumption function C. expenditure; 45° D. 45°; expenditure Subscribe to view the full document.

61.In the Keynesian cross diagram, the vertical intercept of the expenditure line equals _____ and the slope of the expenditure line equals _____. 62.Refer to the figure above. Based on the figure, when PAE = 200 +.5Y, short-run equilibrium output equals: Subscribe to view the full document.

63.Refer to the figure above. Based on the figure, when PAE = 400 +.5Y, short-run equilibrium output equals: 64.Refer to the figure above. Based on the figure, when PAE = 600 +.5Y, short-run equilibrium output equals: A. 1,200B. 400C. 600D. 800 Subscribe to view the full document.

65.Refer to the figure above. Based on the figure, the income expenditure multiplier equals: 66.Refer to the figure above. Based on the figure, if autonomous spending falls from 400 to 200, then the new short-run equilibrium output will equal: Subscribe to view the full document.  • Fall '14
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