Which of the following statements is correct for a private closed economy?
A) Saving equals planned investment only at the equilibrium level of GDP.
B) All levels of GDP where planned investment exceeds saving will be too high for equilibrium.
C) Planned and actual investment are identical at all possible levels of GDP.
D) Saving equals actual investment only at the equilibrium level of GDP.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct for a private closed economy?
A) Saving equals planned investment only at the equilibrium level of GDP.
B) All levels of GDP where planned investment exceeds saving will be too high for equilibrium.
C) Planned and actual investment are identical at all possible levels of GDP.
D) Saving equals actual investment only at the equilibrium level of GDP.

Which of the Following Statements Is Correct for a Private