Spending balance exists if
A) the economy is at potential GDP.
B) income and spending are the same, and we are on the expenditure line.
C) income and spending are the same.
D) income and spending are the same, we are on the expenditure line, and we are at potential GDP.
E) All of these
Correct Answer:
Verified
Q128: If spending is greater than output, a
Q129: Answer the questions below: Q130: Equilibrium output in the short run, as Q131: When spending equals income, people consume according Q132: If spending as given by the expenditure Q134: Exhibit 23-5 Q135: Spending balance occurs when people consume according 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
