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What Is Meant by Expenditure Equilibrium

Question 195

Multiple Choice

What is meant by expenditure equilibrium?


A) The income at which savings equals consumption.
B) The level of aggregate expenditures at which savings equals consumption.
C) The income at which the value of production and aggregate expenditures are equal.
D) The income at which the level of aggregate expenditures is zero.
E) Where income is equal to the value of production.

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