At equilibrium in the simple Keynesian model of income determination, which of the following statements is true? O Aggregate expenditure is equal to income and actual GDP is equal to potential GDP O Investment is equal to saving, and income is equal to aggregate expenditure O The market clears and quantity demanded equals quantity supplied O Investment is equal to saving, and actual GDP is equal to potential GDP

At equilibrium in the simple Keynesian model of income determination, which of the following statements is true? O Aggregate expenditure is equal to income and actual GDP is equal to potential GDP O Investment is equal to saving, and income is equal to aggregate expenditure O The market clears and quantity demanded equals quantity supplied O Investment is equal to saving, and actual GDP is equal to potential GDP

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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