Figure 23-1
-Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure less than GDP?
A) J
B) K
C) L
D) none of the above

Name: Figure 23-1 -Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure less than GDP? A) J B) K C) L D) none of the above
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Question

Figure 23-1 
-Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure less than GDP?
A) J 
B) K 
C) L 
D) none of the above

Quizplus · Accepted Answer

Aggregate expenditure is less than GDP at point L because the aggregate expenditure curve (AE) is below the GDP line at that point.

Figure 23-1 -Refer to Figure 23-1. According to the Figure Above, at Figure