An economy is in equilibrium when which of the following ...

[CQXA]

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]

Answer to Question 1

D

Answer to Question 2

B