Multiple Choice
In a simple macro model with demand-determined output,the equilibrium level of national income is at an income
A) to the left of the point where the AE curve intersects the 45-degree line.
B) where the AE curve intersects the 45-degree line.
C) to the right of the point where the AE curve intersects the 45-degree line.
D) where saving equals consumption.
E) where saving equals income.
Correct Answer:

Verified
Correct Answer:
Verified
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