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At equilibrium level of income in an economy:
  • a)
    Consumption = Investment
  • b)
    Aggregate demand = Consumption
  • c)
    Sav ing = Inv estment
  • d)
    Consumption = Saving
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
At equilibrium level of income in an economy:a)Consumption = Investmen...
In the saving and investment approach, the equilibrium is attained at the point where saving and investment will intersect each other, i.e. leakages are equal to injections.
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At equilibrium level of income in an economy:a)Consumption = Investmentb)Aggregate demand = Consumptionc)Sav ing = Inv estmentd)Consumption = SavingCorrect answer is option 'C'. Can you explain this answer?
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