Figure 3-7
-In figure above, when autonomous planned spending is $250, the equilibrium income level is

Name: Figure 3-7 -In figure above, when autonomous planned spending is $250, the equilibrium income level is
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Question

Figure 3-7 
-In figure above, when autonomous planned spending is $250, the equilibrium income level is

Quizplus · Accepted Answer

At an autonomous planned spending of $250, the 45-degree line intersects the consumption and planned spending line at a value of $1250. This is the equilibrium income level, where planned spending equals actual output.

Figure 3-7 -In Figure Above, When Autonomous Planned Spending Is $250, the Is