In a simple economy (no government sector) , the equilibrium level of GDP will be less than the full employment level of income if, at the full employment level of income, the
A) saving that consumers want to do is less than investing that businesses want to do.
B) saving that consumers want to do is greater than investing that businesses want to do.
C) saving that consumers want to do is less than spending that consumers want to do.
D) inventories are being depleted.
Correct Answer:
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Q121: According to Baumol and Blinder, from the
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Q123: Table 9-1 Q124: Table 9-1 Q125: As the price level decreases real GDP Q127: Which of the following would be associated Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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