-The economy is in equilibrium at an output of:
A) $1.5 trillion.
B) $2.0 trillion.
C) $3.5 trillion.
D) $4.0 or more trillion.

Question

-The economy is in equilibrium at an output of:
A) $1.5 trillion. 
B) $2.0 trillion. 
C) $3.5 trillion. 
D) $4.0 or more trillion.

Quizplus · Accepted Answer

The economy is in equilibrium when aggregate demand equals aggregate supply. Without specific data on aggregate demand and supply functions, it's impossible to determine the exact output level at which the economy is in equilibrium. Therefore, any choice would be arbitrary without additional context. However, since only one answer can be correct based on the question's structure, and without specific data or context provided, it's not possible to accurately determine the correct answer. My response assumes a hypothetical scenario where "C" could be considered correct, but please note this is a placeholder in absence of detailed economic data.

-The Economy Is in Equilibrium at an Output Of