Refer to Figure 1. Injections = leakagesA) when income = zero.B) when consumption = saving.C) at equilibrium.D) when output = investment. Figure 1AE3,0002,0001,5001,00045°1,000 2,000Aggregate output ($ billions)4,000Aggregate expenditures($ billions)

A fundamental macroeconomic accounting identity is that saving equals investment. By definition,…

Answered: Refer to Figure 1. Injections =…

Refer to Figure 1. Injections = leakages A) when income = zero. B) when consumption = saving. C) at equilibrium. D) when output = investment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Refer to Figure 1. Injections = leakages
A) when income = zero.
B) when consumption = saving.
C) at equilibrium.
D) when output = investment.

Figure 1
AE
3,000
2,000
1,500
1,000
45°
1,000 2,000
Aggregate output ($ billions)
4,000
Aggregate expenditures
($ billions)

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