Solved

Figure 13-5 -Refer to Figure 13-5. Let Y = Real GDP, AE

Question 155

Multiple Choice

Figure 13-5 Figure 13-5 -Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I<sub>P</sub> = Planned Investment. Consider a simple economy where AE = C + I<sub>P</sub>, and I<sub>P</sub> is autonomous. What is the value of autonomous AE? A) $2,000 billion B) $3,000 billion C) $4,500 billion D) $8,000 billion
-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption,
IP = Planned Investment. Consider a simple economy where AE = C + IP, and IP is autonomous. What is the value of autonomous AE?


A) $2,000 billion
B) $3,000 billion
C) $4,500 billion
D) $8,000 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: An upward shift in the consumption function

Q44: Figure 13-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5507/.jpg" alt="Figure 13-6

Q44: The sum of planned levels of consumption,

Q75: Autonomous aggregate expenditures are those that automatically

Q110: The amount of consumption at each level

Q123: Unplanned investment occurs when<br>I. aggregate expenditures exceed

Q137: Expenditures that do not vary with the

Q144: Suppose that your annual income has averaged

Q193: Suppose when disposable personal income increases from

Q210: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5507/.jpg" alt="Figure 13-1