Refer to the figure below. Based on the figure, and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending decreases by 1,000, then the new short-run equilibrium output (Y) is equal to:
A)24,000.
B)16,000.
C)14,000.
D)22,000.

Question

Refer to the figure below.  Based on the figure, and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending decreases by 1,000, then the new short-run equilibrium output (Y) is equal to:
A)24,000. 
B)16,000. 
C)14,000. 
D)22,000.

Quizplus · Accepted Answer

The Answer of Refer to the figure below.  Based on the figure, and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending decreases by 1,000, then the new short-run equilibrium output (Y) is equal to:
A)24,000. 
B)16,000. 
C)14,000. 
D)22,000.

Refer to the Figure Below