In an economy in equilibrium

Assignment Help Microeconomics
Reference no: EM13696751

In an economy in equilibrium,

a. production of the equilibrium quantity of aggregate output demanded generates enough income to purchase that output

b. aggregate expenditure equals real GDP

c. planned injection equals leakages

d. unintended inventory changes equal zero

e. all of the above

Reference no: EM13696751

Questions Cloud

Construct a lewis structure for hydrogen peroxide : Construct a Lewis structure for hydrogen peroxide, H2O2, in which each atom achieves an octet of electrons.Draw the molecule by placing atoms on the grid and connecting them with bonds. Include all lone pairs of electrons.
Find the sub-game nash equilibrium outcomes to this game : Considering a two-player, sequential game where each player can choose to play right or left. Player 1 moves first, and player 2 observes 1’s actual move and decides to move up or down. If both of them moves left, then payoffs for player 1 is $-5 and..
What factors about the exit would depreciate the euro : Draw a graph to show how the value of the euro would be affected if Greece did leave the euro zone and reinstate the drachma. Discuss why you think it would happen the way you have drawn it–discuss what factors about the exit of Greece from the euro ..
An aldol reaction between benzil and dibenzyl ketone : Why would running an aldol reaction between benzil and dibenzyl ketone at a low temp furnish the product of a non conjugated 2,3,4,5-tetraphenylcyclopentadienone with two OHs in low yield?
In an economy in equilibrium : In an economy in equilibrium, production of the equilibrium quantity of aggregate output demanded generates enough income to purchase that output. aggregate expenditure equals real GDP.
Which are orthogonal to the family of hyperbolas above : For each given c 2 R the curve can be thought of (locally) as an implicit function of y, i.e., y(x). Describe (with a family of equations) the family of curves which are orthogonal to the family of hyperbolas above.
How organizational behavior contributes to hrm : How Organizational Behavior (OB) contributes to HRM?
Increase in the demand for american goods : Other things equal, an increase in the demand for American goods by residents of other countries will cause a. the dollar to appreciate b. the dollar to depreciate c. the dollar to remain unchanged d. the U.S trade balance unchanged e. none of the ab..
Considering a two-player-sequential game : Considering a two-player, sequential game where each player can choose to play right or left. Player 1 moves first, and player 2 observes 1’s actual move and decides to move up or down. If both of them moves left, then payoffs for player 1 is $-5 and..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the monopolist total cost function

What is the monopolist's total cost function?

  Question 1 the world price for baseballs is 24 per dozen

question 1. the world price for baseballs is 24 per dozen and almost all of them are produced outside the u.s. suppose

  Show the effects of conscription on aggregate consumption

Suppose that the government chooses conscription. That is, the government forces the representative consumer to supply a units of time to the government as military service C with a lump-sum tax. Use a diagram to show the effects of conscription o..

  Calculate and plot using a spreadsheet

Calculate and Plot using a spreadsheet the series for Real GDP and calculate and Plot using a spreadsheet the yearly % changes in Nominal GDP (i.e. [GDPt+1-GDPt]/GDPt)

  What is gdp for this economy in 2009

In a small economy, gross investment in 2009 is $1,500, consumption spending is $6,000, net investment is $200, government spending is $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy in 2009?

  Why does a firm in a competitive industry charge the market

why does a firm in a competitive industry charge the market price?a. if a firm charges less than the market price it

  If the threat is not credible what changes in payoff matrix

mitchell electronics produces a home video that has become increasingly very popular with children.nbsp

  What would an approach or philosophy look from each economy

Pretend you are a neoclassical (free-market or environmental economist), new institutional (transaction cost or ecological), and instutional economist-from the perspective of the cost benefits of "going green" for major utilities (electricity, was..

  What does the baumol-tobin analysis suggest grant smith

In Tobin s analysis of the speculative demand for money, people will hold both money and bonds, even if bonds are expected to earn a positive return. Is this statement true, false, or uncertain? Explain your answer.

  What are two kinds of changes in the capital stock

What two kinds of changes in the capital stock can improve labor productivity How can each type be illustrated with a per-worker production function What determines the slope of the per-worker production function

  Find the equilibrium price and quantity

All firms in the industry have identical technology and face the same cost curve: C(Q) = 500 + 10Q + 0.5Q2 . There are 10 firms in the industry.

  Should warren implement his idea or not

Suppose that Jeffs friend Warren has an idea for product improvement at his firm but he is concerned that the idea may already be patented. If indeed the improvement is already patented, the firm holding the patent may sue Warren for infringing th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd