Macro equilibrium is established at which level of real output,given AD₁ and AS₂ in Figure 8.3? A)$100 billion. B)$200 billion. C)$300 billion. D)$400 billion.

Question

Quizplus · Accepted Answer

The point of macro equilibrium is where the aggregate demand curve (AD₁) intersects the aggregate supply curve (AS₂). In this case, that occurs at a level of real output of $300 billion.

Macro Equilibrium Is Established at Which Level of Real Output,given