Question
When desired aggregate expenditure (AE) is less than actual output (GDP) there is no uneployment whatsoever, and vacancies are abundant. the government is running a
When desired aggregate expenditure (AE) is less than actual output (GDP)
there is no uneployment whatsoever, and vacancies are abundant.
the government is running a budget deficit.
the economy is off its aggregate demand curve (AD)
wage rates will incresae and the aggregate supply curve (AS) will shift to the right.
consumers' marginal propensity to consume (MPC) is negative.
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
