-In the above figure, what is the equilibrium level of real consumption spending?
A) $0.0 trillion
B) $1.0 trillion
C) $2.0 trillion
D) $3.0 trillion

Name: -In the above figure, what is the equilibrium level of real consumption spending? A) $0.0 trillion B) $1.0 trillion C) $2.0 trillion D) $3.0 trillion
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

-In the above figure, what is the equilibrium level of real consumption spending?
A) $0.0 trillion 
B) $1.0 trillion 
C) $2.0 trillion 
D) $3.0 trillion

Quizplus · Accepted Answer

The equilibrium level of real consumption spending is where the consumption function intersects the 45-degree line, indicating that planned spending equals actual spending.

-In the Above Figure, What Is the Equilibrium Level of Real