Answer to Question #292162 in Macroeconomics for Jaytee

Question #292162

The equilibrium levels of income (Y),real investment and gross national expenditure are determined by the intersection of the AS and AD curves

Expert's answer

"Solution"

Where government spending is equal to the real GDP that's the equilibrium production point.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The table below shows the national income statistics for a country.Items / RM (Million)Import / RM 6
2. The table below shows the national income statistics for a country. Items / RM (Million) Import /
3. a ) Describe TWO (2) causes of inflation. b) Explain THREE(3) effects of unemployment to economics c
4. Answer the question below based on the information given. All data are in RM million. Government exp
5. (d) Explain two reasons why a government may privatise an industry. [4] (e) Analyse how a successfu
6. Calculate the real wage(W/P) if the value of the markup, u=0.1
7. Using examples, explain why cost–benefit analysis is central to the decision making process in the