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Question 101

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Use the following to answer questions .
Exhibit: Aggregate Expenditures Curve
Figure 13-6 Use the following to answer questions . Exhibit: Aggregate Expenditures Curve Figure 13-6 -(Exhibit: Aggregate Expenditures Curve) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I<sub>P</sub> = Planned Investment, G = Government Purchases. Further, I<sub>P</sub> and G are autonomous. What is the level of autonomous aggregate expenditures at equilibrium real GDP? A) $800 billion B) $1,000 billion C) $1,600 billion D) $3,200 billion
-(Exhibit: Aggregate Expenditures Curve) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = Planned Investment, G = Government Purchases. Further, IP and G are autonomous. What is the level of autonomous aggregate expenditures at equilibrium real GDP?


A) $800 billion
B) $1,000 billion
C) $1,600 billion
D) $3,200 billion

Correct Answer:

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