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    The Economy Today
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    Exam 11: Fiscal Policy
  5. Question
    Refer to Figure 11
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Refer to Figure 11

Question 86

Question 86

Multiple Choice

  Refer to Figure 11.3.Assume aggregate demand is represented by AD<sub>3</sub> and full-employment output is $5.6 trillion.The equilibrium level of income is A) $0.8 trillion. B) $5.2 trillion. C) $5.6 trillion. D) $6.0 trillion. Refer to Figure 11.3.Assume aggregate demand is represented by AD3 and full-employment output is $5.6 trillion.The equilibrium level of income is


A) $0.8 trillion.
B) $5.2 trillion.
C) $5.6 trillion.
D) $6.0 trillion.

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