Equilibrium is the point where total spending equals total output, or GDP.
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Q7: Free markets coordinate economic activity in such
Q8: Leakages are offset by investment and government
Q9: When spending is less than production, inventories
Q10: Injections to the circular flow model include
Q11: When income rises, total expenditures remain constant.
Q13: The expenditure schedule includes the consumption function.
Q14: If total spending is greater than current
Q15: When total spending is less than production,
Q16: If investment spending depends on GDP, this
Q17: When demand for goods and services is
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