Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
-Refer to Table 9.3. At an output level of $1,200 billion, the level of aggregate expenditure is

Question

Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3 
-Refer to Table 9.3. At an output level of $1,200 billion, the level of aggregate expenditure is

Quizplus · Accepted Answer

At an output level of $1,200 billion, the level of aggregate expenditure is found at the intersection of the output level and the aggregate expenditure line. From the table, we can see that the aggregate expenditure line intersects the output level of $1,200 billion at $1,400 billion. Therefore, the answer is C.

Refer to the Information Provided in Table 9