The equilibrium quantity of aggregate output occurs when _____
planned aggregate expenditure equals income generated from production
the economy reaches the full employment of labor
actual aggregate expenditures equal real GDP
inventories of goods and services are increasing
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Aggregate Expenditure and Equilibrium Output. Aggregate output is the total quantity of goods and services produced (or supplied) in an economy in a given period. Aggregate income is the total income received by all factors of production in a given period.
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