Refer to the information provided in Figure 24.1 below to answer the question(s) that follow. Figure 24.1
-Refer to Figure 24.1. The equilibrium level of aggregate expenditure is $________ billion.

Question

Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.  Figure 24.1
-Refer to Figure 24.1. The equilibrium level of aggregate expenditure is $________ billion.

Quizplus · Accepted Answer

The equilibrium level of aggregate expenditure occurs where the 45-degree line intersects the aggregate expenditure line. This occurs at approximately $2,000 billion on the x-axis. Therefore, the correct answer is option C.

Refer to the Information Provided in Figure 24