The level of output at which the short-run aggregate supply curve and the aggregate demand curve intersect is the full-employment level of GDP

The amount of consumption expenditure that takes place when income is zero is

A) called induced consumption. B) called zero-based consumption. C) equal to zero. D) called autonomous consumption. E) equal to saving.

Refer to Scenario 10-1. Based on the information above, what is the level of private saving in the economy?

A) $3 trillion B) $4 trillion C) $5 trillion D) $8 trillion