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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.  Planned Aggregate  Output (Y)   Expenditure (PAE)  2,0002,3003,0003,2004,0004,1005,0005,0006,0005,900\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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