If total spending is just sufficient to purchase an economys output, then the economy is: a. in
Question:
If total spending is just sufficient to purchase an economy’s output, then the economy is:
a. in equilibrium.
b. in recession.
c. in debt.
d. in expansion.
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Answer The correct answer is a in equilibrium Expla...View the full answer
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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