The diagram above refers to a private closed economy. In this instance, the equilibrium GDP is:
A. $60 billion.
B. $180 billion.
C. between $60 and $180 billion.
D. $60 billion at all levels of GDP.
Answer:B
The diagram above refers to a private closed economy. In this instance, the equilibrium GDP is:
A. $60 billion. B. $180 billion. C. between $60 and $180 billion. D. $60 billion at all levels of GDP.
Explanation: Type: Multiple Choice