Multiple Choice
Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3
-Refer to Figure 8.3. Which of the following statements is true?
A) Aggregate saving is negative for all income levels below $400.
B) For all aggregate income levels above $200, aggregate consumption is greater than aggregate income.
C) If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $300.
D) Saving is negative at all income levels below $200.
Correct Answer:

Verified
Correct Answer:
Verified
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