Figure 12-1
-Refer to Figure 12-1.According to the figure above,at what point is aggregate expenditure greater than GDP?
A)J
B)K
C)L
D)none of the above

Name: Figure 12-1 -Refer to Figure 12-1.According to the figure above,at what point is aggregate expenditure greater than GDP? A)J B)K C)L D)none of the above
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Question

Figure 12-1 
-Refer to Figure 12-1.According to the figure above,at what point is aggregate expenditure greater than GDP?
A)J 
B)K 
C)L 
D)none of the above

Quizplus · Accepted Answer

Aggregate expenditure is greater than GDP when the expenditure line is above the 45-degree line, which typically occurs at point J.

Figure 12-1 -Refer to Figure 12-1.According to the Figure Above,at What Point