Short-run equilibrium output means that aggregate demand __________ actual output?

Related Mcqs:

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s B. The classical model to explain the prolonged existence of high unemployment during the Great Depression C. fine tuning during the 1960s D. the economy to grow at a rapid rate during the 1950s...

An index of prices of all domestically produced goods in the economy is the ?

A. wholesale price index (WPI) B. Consumer price index (CPI) C. GDP deflator D. Producer price index (PPI)...

The multiplier tells us how much __________ changes after a shift in ____________?

A. consumption income B. investment output C. savings investment D. output aggregate demand...

Total withdrawals from the circular flow of income include ?

A. consumption savings and taxes B. savings government expenditure and imports C. savings taxes and exports D. savings taxes and imports...

Equilibrium in the circular flow of income occurs when ?

A. Injections = withdrawals B. There is a Bank Holiday C. Injections withdrawals D. None of these...