Multiple Choice
In a simple macro model with no government and no foreign trade,the equilibrium level of national income is the level of income at which
A) aggregate desired expenditure is greater than actual national income.
B) aggregate desired expenditure equals actual national income.
C) aggregate desired expenditure equals consumer spending.
D) saving equals income.
E) saving equals consumer spending.
Correct Answer:

Verified
Correct Answer:
Verified
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