Use the following to answer questions:
-(Figure: Planned Aggregate Expenditures Curve II)Use Figure: Planned Aggregate Expenditures Curve II.The equilibrium level of real GDP in the planned aggregate expenditure model shown in this figure is:

Question

Use the following to answer questions: 
-(Figure: Planned Aggregate Expenditures Curve II)Use Figure: Planned Aggregate Expenditures Curve II.The equilibrium level of real GDP in the planned aggregate expenditure model shown in this figure is:

Quizplus · Accepted Answer

The equilibrium level of real GDP occurs where the planned aggregate expenditures curve intersects the 45-degree line, which represents points where planned spending equals actual GDP. In this figure, that intersection occurs at $2,000.

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