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Difficulty: Medium Figure 13-4

Question 80

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Difficulty: Medium Figure 13-4 Difficulty: Medium Figure 13-4 -Refer to Figure 13-4. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI<sub>P</sub> = Planned Investment. Suppose AE = C + I<sub>P</sub>, and I<sub>P</sub> is autonomous. What is the value of AE when Y = $12,000 billion? A) $6,000 billion B) $9,000 billion C) $12,000 billion D) $15,000 billion
-Refer to Figure 13-4. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment. Suppose AE = C + IP, and IP is autonomous. What is the value of AE when Y = $12,000 billion?


A) $6,000 billion
B) $9,000 billion
C) $12,000 billion
D) $15,000 billion

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