in-a-private-closed-economy-what-condition-must-be-met-for-macroeconomic-equilib

Question

In a private closed economy, what condition must be met for macroeconomic equilibrium to occur?

Accepted Answer

Aggregate expenditures must equal GDP.

Answer

Aggregate expenditures must be greater than GDP.

Answer

Aggregate expenditures must be less than GDP.

Answer

Aggregate expenditures must equal government spending.