When considering the whole economy; marco economic equilibrium is defined as: A)

Question

When considering the whole economy; marco economic equilibrium is defined as: A) total investment = total inventories B) total spending = total production C) total consuming = total production D) total taxes = total payments When considering the whole economy; marco economic equilibrium is defined as: A) total investment = total inventories B) total spending = total production C) total consuming = total production D) total taxes = total payments A) total investment = total inventories B) total spending = total production C) total consuming = total production D) total taxes = total payments

Explanation / Answer

Ans is B

Because we know at equilibrium Aggregate expenditure=Y whete Y is real output or total production and aggregate expenditure=total spending. Total spending=total production.

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