Multiple Choice
Use Table 10.3,which shows the relationship between consumption and income.Assume the price level is constant.
If the economy were at a full-employment income of $200 billion per year in Table 10.3,then desired
A) Spending would exceed output.
B) Spending would equal output.
C) Saving would exceed desired investment.
D) Saving would equal desired investment.
Correct Answer:
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