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Refer to the Accompanying Figure

Question 116

Multiple Choice

Refer to the accompanying figure. Refer to the accompanying figure. Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending increases by 1,000, then the new short-run equilibrium output (Y) is equal to: A) 24,000. B) 6,000. C) 14,000. D) 16,000. Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending increases by 1,000, then the new short-run equilibrium output (Y) is equal to:


A) 24,000.
B) 6,000.
C) 14,000.
D) 16,000.

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