Refer to the figure at right. The equilibrium level of real GDP will occur   A. at point A.   B. to the left of point A.   C. to the right of point A.   D. at the undetermined point on the graph depending upon the level of investment.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQP
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Refer to the figure at right. The equilibrium level of real GDP will occur
 
A.
at point A.
 
B.
to the left of point A.
 
C.
to the right of point A.
 
D.
at the undetermined point on the graph depending upon the level of investment.
Q
CA1+G+X
A
45
Real GDP per Year ($ trillions)
Planned Real Expenditures per Year ($ trillions)
B.
Transcribed Image Text:Q CA1+G+X A 45 Real GDP per Year ($ trillions) Planned Real Expenditures per Year ($ trillions) B.
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