At macroeconomic equilibrium,total ________ equals total ________.
A)spending; production
B)investment; inventories
C)consumption; production
D)taxes; transfers

Question

Quizplus · Accepted Answer

At macroeconomic equilibrium, total spending equals total production. This is because in a closed economy, aggregate demand (made up of consumption, investment, government spending, and net exports) must equal aggregate supply (total production).

At Macroeconomic Equilibrium,total ________ Equals Total ________

At Macroeconomic Equilibrium,total Equals Total