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Difficulty: Medium Figure 13-4

Question 214

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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. At a real GDP of $7,000 billion A) planned investment is greater than actual investment. B) planned investment equals actual investment. C) planned investment is less than actual investment. D) there will be no unplanned investment.
-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. At a real GDP of $7,000 billion


A) planned investment is greater than actual investment.
B) planned investment equals actual investment.
C) planned investment is less than actual investment.
D) there will be no unplanned investment.

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