Multiple Choice
If output determines income and income determines spending
A) an equilibrium is impossible in the economy.
B) intended spending and actual spending are always equal.
C) the C + I line is the same as the 45-degree line.
D) the levels of both national output and prices rise indefinitely.
E) the level of GDP changes unless intended spending equals GDP.
Correct Answer:

Verified
Correct Answer:
Verified
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