In a Simple Model of the Economy with Demand-Determined Output,the

Multiple Choice

In a simple model of the economy with demand-determined output,the equilibrium level of national income is at an income

A) to the right of the point where the AE curve intersects the 45-degree line.
B) to the left of the point where the AE curve intersects the 45-degree line.
C) where aggregate desired expenditure equals the value of total output.
D) where aggregate desired expenditure equals consumption.
E) where saving equals consumption.