3. Macroeconomics
Macroeconomic Equilibrium — Quiz
Test your understanding of macroeconomic equilibrium with 5 practice questions.
Practice Questions
Question 1
What is macroeconomic equilibrium in the aggregate expenditure model?
Question 2
What usually happens when aggregate expenditure is greater than output at a given income level?
Question 3
Which point is most likely to show the economy is in macroeconomic equilibrium on the aggregate expenditure diagram?
Question 4
Which statement best describes unintended inventories in macroeconomic equilibrium analysis?
Question 5
If $C = 50 + 0.8Y$ and autonomous investment is $I = 100$, what is aggregate expenditure in this simple two-sector economy?