Which of the following statements best describes what is meant by a spending balance?
A) People's consumption is described by the consumption function.
B) Consumption and spending are the same, and people's consumption is described by the consumption function.
C) Income and output are the same.
D) Consumption and income are the same, and people's consumption is described by the consumption function.
E) Income and spending are the same, and people's consumption is described by the consumption function.
Correct Answer:
Verified
Q133: Spending balance exists if
A)the economy is at
Q134: Exhibit 23-5 Q135: Spending balance occurs when people consume according Q136: Exhibit 23-5 Q137: When does the slope of the expenditure Q139: When spending is equal to output and Q140: When spending balance is achieved, the economy Q141: The following table shows the relationship between Q142: Suppose business executives become very pessimistic and Q143: Suppose most European economies are in a
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