Yo Which one of the following statements is false? A Y1 represents the equilibrium level of income. The curve labelled A = C + I shows the total of consumption and investment spending. The curve labelled C shows the total of autonomous and induced consumption spending. The point labelled D shows where savings equal investment.
Study the diagram below and answer the question.
Which one of the following statements is false?
A Y1 represents the equilibrium level of income.
B The curve labelled A = C + I shows the total of consumption and investment spending.
C The curve labelled C shows the total of autonomous and induced consumption spending.
D The point labelled D shows where savings equal investment.
In
production of income by Y. Which one of the following statements is incorrect?
A When A is greater than Y, there is disequilibrium and Y will tend to increase.
B When A is equal to Y, there is equilibrium and Y will remain unchanged.
C When A is less than Y, there is disequilibrium and Y will decrease.
D When A is greater than Y, there is disequilibrium and A will decrease.
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