In the above table, at the $410 billion real domestic output (RGDP) level, which of the following would not occur?Select one:a. Real domestic output and aggregate expenditure would grow until they reach an equilibrium.b. Businesses would produce lessc. Aggregate expenditure exceeds RGDPd. Inventories would decrease unplanned way (1)Possible(2)Real Domestic()Consumption(C).Billions(6)AggregateExpenditures(C + .(7)UnplannedChanges inInventories,(+ or -)(8)Tendency ofEmployment,Output, andIncome(5)Output (andEmployment, Income) (GDP -DI), BillionsLevels of()InvestmentSaving (5).BalionsMillionsBlonsBillions(1) 40(2) 45$370$375S-5$20$395S-25Increase9039020410-20Increase() 5041040520425-15Increase() 554004201020440-10Increase(5) 60450435IS20455-5Increase4704502020470Equilibrium) 704904652520485+5Decrease(8) 755104803020500+10Decrease5304953520SIS+15Decrease(10) 85550SI020530+20Decreasedepreciation and ner foregn factor income are ergovemmentisored and saumed thar all saving occurs in the household sector of the economy then GDPasof domestic output sequal to NPand DI. This means that households receive a Di equal to the vale of toal ouputmea

GDP is the gross domestic output of an economy which is the value of all the final goods and…

n the above table, at the $410 billion real domestic output (RGDP) level, which of the following would not occur? Select one: a. Real domestic output and aggregate expenditure would grow until they reach an equilibrium. b. Businesses would produce less c. Aggregate expenditure exceeds RGDP d. Inventories would decrease unplanned way

n the above table, at the $410 billion real domestic output (RGDP) level, which of the following would not occur? Select one: a. Real domestic output and aggregate expenditure would grow until they reach an equilibrium. b. Businesses would produce less c. Aggregate expenditure exceeds RGDP d. Inventories would decrease unplanned way

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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