One Way to View Equilibrium in the Simple Keynesian Model

question 59

Multiple Choice

One way to view equilibrium in the simple Keynesian model without government spending and taxes is that:

• A)saving equals planned investment.
• B)saving equals planned expenditures.
• C)saving equals planned autonomous spending.
• D)None of the above.

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Definitions:

Income

Funds accumulated over time from work or investing efforts, usually received systematically.

Utility Function

A representation in economics of how a consumer ranks different bundles of goods according to their level of satisfaction or happiness.

Tape Recorders

Devices used for recording audio onto magnetic tape and playing audio from tape.

Tapes

This term may refer to magnetic data storage tapes for information or sound recording but lacks specificity for a clear economic context. NO.