If desired spending in the economy exceeds income we would expect ?

Related Mcqs:

Nominal GNP measures income ?

A. At the present time B. corrected for tax changes C. corrected for changes in interest rates D. At current prices...

Real GNP is a crude measure of national welfare because it excludes ?

A. consumption B. investment C. exports D. work in the home...

The diagram that shows the income received and payments made by each sector of the economy is the ?

A. income-expenditures diagram B. aggregate demand-aggregate supply diagram C. circular flow diagram D. income-price diagram...

The multiplier is calculated as___________?

A. 1(1-MPC) B. 1/MPS C. 1/MPC D. a or b...

If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?

A. market imperfection B. the law of diminishing returns C. the paradox of thrift D. market failure...