Refer to the information provided in Figure 24.3 below to answer the question(s) that follow. Figure 24.3
-Refer to Figure 24.3. At equilibrium, ________ equal $300 billion.

Question

Refer to the information provided in Figure 24.3 below to answer the question(s) that follow.  Figure 24.3
-Refer to Figure 24.3. At equilibrium, ________ equal $300 billion.

Quizplus · Accepted Answer

At equilibrium, autonomous planned expenditures (APE) equal $300 billion. This is shown by the intersection of the APE line and the 45-degree line, which represents the level of output or income where aggregate expenditures equal aggregate output. At this point, there is no unplanned inventory accumulation or depletion, and the economy is in a stable equilibrium.

Refer to the Information Provided in Figure 24