If Current Aggregate Expenditure Equals Current Production,the Economy Is in Equilibrium

question 130

True/False

If current aggregate expenditure equals current production,the economy is in equilibrium.

---

Definitions:

External Auditors

Independent auditors who examine the financial statements of an entity to ensure accuracy and compliance with applicable standards.

Internal Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

Independent

Free from external control or influence; not connected or dependent on something else.

Internal Control Systems

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.