Multiple Choice
Using the Keynesian approach, an economy with $9.0 trillion in total spending and $8.4 trillion in total output is operating where:
A) injections exceed leakages by $600 billion.
B) leakages exceed injections by $600 billion.
C) injections plus leakages add up to $600 billion.
D) injections plus leakages add up to $17.4 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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