Refer to the information provided in Table 23.10 below to answer the question(s) that follow.
Table 23.10
-Refer to Table 23.10. Planned saving equals planned investment at an aggregate output level of
A) $2,000 million.
B) $2,400 million.
C) $2,800 million.
D) $3,200 million.

Question

Refer to the information provided in Table 23.10 below to answer the question(s) that follow.
Table 23.10 
-Refer to Table 23.10. Planned saving equals planned investment at an aggregate output level of
A) $2,000 million. 
B) $2,400 million. 
C) $2,800 million. 
D) $3,200 million.

Quizplus · Accepted Answer

Planned saving equals planned investment when the economy is in equilibrium. In this context, the aggregate output level where planned saving equals planned investment is $2,800 million.

Refer to the Information Provided in Table 23