A. equal
B. be less than
C. be greater than
D. be less or greater than
Related Mcqs:
- Leakages from the circular flow are _________ and __________?
A. investment, savings, government expenditure
B. savings, taxes net of subsidies imports
C. consumption investment government expenditure
D. consumption taxes imports - Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?
A. The impact on both price and quantity is ambiguous
B. Price will decrease, quantity is ambiguous.
C. price will increase, quantity will decrease
D. price will increase, quantity is ambiguous.
E. Price will increase, quantity will increase - Injections ?
A. Decrease aggregate demand
B. Always equal savings
C. Always equal national income
D. include investment and export spending - Injections are?
A. Assumed to be exogenous
B. Assumed to be a function of national income
C. Decrease aggregate demand
D. Decrease the investment into an economy - If injections are less than withdrawals at the full-employment level of national income, there is ?
A. an inflationary gap
B. hysteresis
C. A deflationary gap
D. hyperinflation - If injections are greater than withdrawals ?
A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall - An increase in injections into the economy may lead to ?
A. An outward shift of aggregate demand- and demand-pull inflation
B. An outward shift of aggregate demand and cost push inflation
C. An outward shift of aggregate supply and demand-pull inflation
D. An outward shift of aggregate supply and cost push inflation - Injection into the circular flow are ______ and __________?
A. consumption investment exports
B. investment exports transfer payments
C. investment government expenditure exports
D. taxes exports, transfer payments - 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
