LRAS SRAS 130 120 AD, 12 11.5 Real GDP per Year (S tribons) 37) In the above fig

Question

LRAS SRAS 130 120 AD, 12 11.5 Real GDP per Year (S tribons) 37) In the above figure, what are the long-run equilibrium price level and real GDP? 37) A) 120 and $11.5 trillion C) 120 and $12 trillion B) 130 and $11.5 trillion D) 130 and $12 trillion 38) Which of the following represents the relationship between disposable income (DI) consumption 38) (C) and saving (S)? 39) Investment is 39) A) the purchasing of stocks and mutual funds. B) goods bought by households. C) the production of goods for immediate satisfaction. D) spending by businesses on things which can be used to produce goods and services in the future. 40) Which of the following is TRUE 40) A) MPC- MPS 1 _ B) MPC . MPS-1 OMPC + MPS = 1 D) MPC / MPS-1

Explanation / Answer

37) In the above figure , what are the long run equilibrium price level and real GDP?

Ans:- D) 130 & $12 trillion . Actually long run equilibrium exist on the intersection of Aggregate Demand(AD) curve, the Short run Aggregate Supply (SAS )curve & the Long run Aggregate Supply (LAS) curve

38) Which of the following represents the relationship between Disposable Income(DI), Consumption(C) and Saving (S)?

Ans:- A) DI=C+S

39) Investment is

Ans;- A) the purchasing of Stock & Mutual funds

40) Which of the following is true?

Ans:- C) MPC+MPS=1

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