Which of the Following Statements Is Correct for a Private

question 142

Multiple Choice

Which of the following statements is correct for a private closed economy?

• A)Saving equals planned investment only at the equilibrium level of domestic output.
• B)All levels of domestic output where planned investment exceeds saving will be too high for equilibrium.
• C)Planned and actual investment are identical at all possible levels of domestic output.
• D)Saving equals actual investment only at the equilibrium level of domestic output.

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Definitions:

Agent's Conduct

Agent's conduct refers to the actions and behavior of an agent while acting on behalf of a principal, which must align with the principal's instructions and the laws governing the agency relationship.

Employer

An individual or organization that hires and pays people to work.

Motivated

Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.

Legally Nonexistent Principal

A legal concept referring to a supposed entity or person in a transaction who, in fact, does not have legal existence.