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Author Question: An economy is in equilibrium when which of the following conditions is satisfied? A) consumption ... (Read 54 times)

CQXA

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on: Jun 30, 2018
An economy is in equilibrium when which of the following conditions is satisfied?
 
  A) consumption equals saving
  B) output equals consumption
  C) total saving equals zero
  D) total saving equals investment
  E) all of the above

Question 2

Equilibrium in the goods market requires that
 
  A) production equals income.
  B) production equals demand.
  C) consumption equals saving.
  D) consumption equals income.
  E) government spending equals taxes minus transfers.


yasmina

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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