In an economy without government or a foreign sector the equilibrium level of output occurs when

A) actual saving equals actual investment.
B) actual saving equals desired investment.
C) desired saving equals desired investment.
D) desired saving equals actual investment.

A

Economics

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The fair insurance price is where ____________, where Y is the income that is lower than the income involving the fair insurance

Fill in the blank(s) with the appropriate word(s).

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Cross-elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good

a. True b. False Indicate whether the statement is true or false

Economics