Which of the following statements is correct?
A. The level of aggregate savings must equal the level of desired investment.
B. Even though firms are trying, they are unable to maximize profits.
C. Aggregate demand is less than aggregate supply.
D. Real GDP is less than equilibrium expenditure.
Answer:D
Which of the following statements is correct?
A. The level of aggregate savings must equal the level of desired investment. B. Even though firms are trying, they are unable to maximize profits. C. Aggregate demand is less than aggregate supply. D. Real GDP is less than equilibrium expenditure.