-If AE₀is the aggregate planned expenditure curve, then equilibrium real GDP in the figure above is A) $6 trillion. B) $3 trillion. C) $12 trillion. D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Equilibrium real GDP occurs where the aggregate planned expenditure equals actual GDP, which is at $6 trillion in the figure.

-If AE0 is the Aggregate Planned Expenditure Curve, Then Equilibrium

-If AE₀is the Aggregate Planned Expenditure Curve, Then Equilibrium