In a Simple Macro Model with Demand-Determined Output,the Equilibrium Level

question 135

Multiple Choice

In a simple macro model with demand-determined output,the equilibrium level of national income is at an income

• A)to the left of the point where the AE curve intersects the 45-degree line.
• B)where the AE curve intersects the 45-degree line.
• C)to the right of the point where the AE curve intersects the 45-degree line.
• D)where saving equals consumption.
• E)where saving equals income.

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Mental Age

A concept used in psychology to describe an individual's cognitive ability level in years, which may differ from their chronological age.

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