Refer to Figure 9.1 for the Following Questions

question 26

Multiple Choice

Refer to Figure 9.1 for the following questions.
Figure 9.1

-In Figure 9.1, if the economy is in equilibrium, it is at a level of aggregate expenditure given by point:

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Definitions:

Durable Expenditures

Expenses on goods that have a useful life of more than three years, such as appliances, machinery, and equipment.

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Interest Rates

The cost of borrowing money or the return on investment for savings and loans, usually expressed as a percentage.

Consumption And Investment

The activities of spending on goods and services for current use and investing in assets for future returns.