Refer to the information provided in Figure 8.9 below to answer the questions that follow. Figure 8.9
-Refer to Figure 8.9. $200 million is
A) the break even income.
B) the equilibrium income.
C) where saving equals consumption.
D) where saving equals aggregate expenditures.

Question

Refer to the information provided in Figure 8.9 below to answer the questions that follow.  Figure 8.9
-Refer to Figure 8.9. $200 million is
A) the break even income. 
B) the equilibrium income. 
C) where saving equals consumption. 
D) where saving equals aggregate expenditures.

Quizplus · Accepted Answer

$200 million is the equilibrium income where aggregate expenditures equal output, and there is no tendency for either output or aggregate expenditures to change.

Refer to the Information Provided in Figure 8