Data on Output and Planned Aggregate Expenditure in Macroland Are

question 77

Multiple Choice

Data on output and planned aggregate expenditure in Macroland are given below. $$\begin{array} { c c } & \underline{ \text { Planned Aggregate } } \\ \underline{\text { Output (Y) }} & \underline{ \text { Expenditure (PAE) } } \\ 2,000 & 2,300 \\3,000 & 3,200 \\4,000 & 4,100 \\5,000 & 5,000 \\6,000 & 5,900\end{array}$$
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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Definitions:

Testable Explanation

A hypothesis that can be supported or refuted through experimentation or observation.

Hypothesis

A proposed explanation for a phenomenon, subject to further testing and experimentation.

Photosynthesis

The process by which green plants, algae, and some bacteria convert light energy and carbon dioxide into chemical energy in the form of glucose, releasing oxygen as a byproduct.

Producers

Organisms, mainly plants and algae, that can produce their own food through the process of photosynthesis, serving as the base of the food chain.