Answered: The equilibrium of national income…

The equilibrium of national income occurs where aggregate demand is equal to aggregate supply, also called O a. Effective demand а. b. National income c. Full employment O d. Underemployment

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

The equilibrium of national income occurs
where aggregate demand is equal to
aggregate supply, also called
O a. Effective demand
O b. National income
O c. Full employment
O d. Underemployment

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