Data on Output and Planned Aggregate Expenditure in Macroland Are

question 62

Multiple Choice

Data on output and planned aggregate expenditure in Macroland are given below. $\begin{array}{cc}& \text { Planned Aggregate }\\\text { Output }(\mathrm{Y}) & \text { Expenditure (PAE) }\\\hline 2,000 & 2,300 \\3,000 & 3,200 \\4,000 & 4,100 \\5,000 & 5,000 \\6,000 & 5,900\end{array}$ Based on these data, the short-run equilibrium level of output is _____.

• A) 2,000
• B) 3,200
• C) 4,100
• D) 5,000

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