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Exhibit 10-7 -Assume the United States' Aggregate Expenditure Line Started at AE(1)

Question 147

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Exhibit 10-7 Exhibit 10-7 -Assume the United States' aggregate expenditure line started at AE(1) in Exhibit 10-7. When the real estate market crashed, its aggregate expenditure would have changed to A) AE(1) B) AE(2) C) AE(3) D) AE(4) E) We cannot answer without knowing what happened to consumption
-Assume the United States' aggregate expenditure line started at AE(1) in Exhibit 10-7. When the real estate market crashed, its aggregate expenditure would have changed to


A) AE(1)
B) AE(2)
C) AE(3)
D) AE(4)
E) We cannot answer without knowing what happened to consumption

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