Skip to content

Course home

Sign up

Card 1 of 20

What condition makes national income equilibrium, and why does output then stop changing?

A

Aggregate supply exceeds aggregate demand, so planned injections equal planned withdrawals and output has no tendency to change.

B

Aggregate demand equals aggregate supply, so planned injections exceed planned withdrawals and output has no tendency to change.

C

Aggregate demand equals aggregate supply, so planned injections equal planned withdrawals and output has no tendency to change.

D

Aggregate demand exceeds aggregate supply, so planned injections equal planned withdrawals and output has no tendency to change.

Card 1 of 20

9.1.3 full employment level of national income and equilibrium level of national income Flashcards

  1. Intl A Level
  2. /Economics
  3. /9.1.3 full employment level of national income and equilibrium level of national income

20 flashcards on CIE Intl A Level Economics 9.1.3 full employment level of national income and equilibrium level of national income: the key terms and definitions you need to recall.

Flashcards