In a simple model of the economy with demand-determined output,the equilibrium level of national income is at an income
A) to the right of the point where the AE curve intersects the 45-degree line.
B) to the left of the point where the AE curve intersects the 45-degree line.
C) where aggregate desired expenditure equals the value of total output.
D) where aggregate desired expenditure equals consumption.
E) where saving equals consumption.
Correct Answer:
Verified
Q81: 21.2 Equilibrium National Income Q83: Consider the following information describing a closed Q84: Consider a simple macro model with demand-determined Q85: Consider the following information describing a closed Q87: Consider the simplest macro model with demand-determined Q88: Consider the following information describing a closed Q91: Consider the following information describing a closed Q92: In a simple macro model with demand-determined Q96: In a simple macro model with no Q98: In a simple macro model with the![]()
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