Refer to the Diagram $\left( C + I _ { g } + X _ { n 2 } \right)$

question 23

Multiple Choice

Refer to the diagram. If aggregate expenditures in this economy are ( $\left( C + I _ { g } + X _ { n 2 } \right)$ ) , then the equilibrium
Levels of GDP and aggregate expenditures will be

• A) 0A and 0E, respectively.
• B) 0B and 0F, respectively.
• C) 0A and AH, respectively.
• D) 0D and DJ, respectively.

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Definitions:

Marginal Revenue

The profit increase achieved by selling one additional unit of a product or service.

Marginal Cost

The incremental cost involved in producing an additional unit of a good or service.

Marginal Revenue

The financial gain a firm acquires from the sale of an extra unit of a product or service.

Surround Sound Systems

Audio systems designed to immerse the listener in a rich and directional sound experience by using multiple speakers placed around the environment.