At the equilibrium level of income it must be t that total

Name: At the equilibrium level of income it must be t that total
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

At the equilibrium level of income, the total spending in the economy equals total income, meaning that all goods and services produced are being purchased and sold at their respective prices. This occurs when the aggregate demand (total spending) matches the aggregate supply (total production) of goods and services. Therefore, option A is the correct choice.

At the Equilibrium Level of Income It Must Be T