Question on: SS3 Economics - Equilibrium of Income, Consumption And Investment
What is the equilibrium condition in the equation Y = C + I?
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A
The level of output is equal to the level of expenditure
B
The level of consumption is equal to the level of investment
C
The level of income is equal to the level of savings
D
The level of investment is equal to the level of savings
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Correct Option: A
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