At the Equilibrium Level of Income, It Must Be True

question 152

Multiple Choice

At the equilibrium level of income, it must be true that total

• A)income equals total spending.
• B)product equals total output.
• C)output equals total inventory.
• D)income equals total saving.

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Definitions:

Collection Funds

Monies that are being gathered or have been gathered for a specific purpose, often related to financial transactions or payments.

T-Bills

Short-term government securities issued at a discount from par value, which mature and pay back the full face value.

Cheque Size

Cheque size typically refers to the amount of investment money a party is willing to commit in a deal, transaction, or investment opportunity.

Lockbox System

A service offered by banks to companies for the collection of payment from customers, involving the use of a special post office box to speed up the deposit process.