Data on Output and Planned Aggregate Expenditure in Macroland Are

question 151

Multiple Choice

Data on output and planned aggregate expenditure in Macroland are given below:
Based on these data,the short-run equilibrium level of output is _________ and the income-expenditure multiplier equals _________.

• A) 2,500;2.6
• B) 4,000;1.6
• C) 4,000;1.7
• D) 4,000;1.8
• E) 5,000;5.0

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