Figure 23-1
-Refer to Figure 23-1. If the economy is at a level of aggregate expenditure given by point K, then
A) the economy is in equilibrium.
B) production is greater than spending.
C) production is less than spending.
D) inventories will increase above their desired level.

Question

Figure 23-1 
-Refer to Figure 23-1. If the economy is at a level of aggregate expenditure given by point K, then
A) the economy is in equilibrium. 
B) production is greater than spending. 
C) production is less than spending. 
D) inventories will increase above their desired level.

Quizplus · Accepted Answer

The Answer of Figure 23-1 
-Refer to Figure 23-1. If the economy is at a level of aggregate expenditure given by point K, then
A) the economy is in equilibrium. 
B) production is greater than spending. 
C) production is less than spending. 
D) inventories will increase above their desired level.

Figure 23-1 -Refer to Figure 23-1. If the Economy Is at a Is