In a Simple Macro Model with No Government and No

question 106

Multiple Choice

In a simple macro model with no government and no foreign trade,the equilibrium level of national income is the level of income at which

• A)aggregate desired expenditure is greater than actual national income.
• B)aggregate desired expenditure equals actual national income.
• C)aggregate desired expenditure equals consumer spending.
• D)saving equals income.
• E)saving equals consumer spending.