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FIGURE 23-1 -Refer to Figure 23-1.Assume the Economy Is Initially in Equilibrium

Question 104

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  FIGURE 23-1 -Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   .Now,suppose the AE curve shifts to   and we move to a new equilibrium level of GDP at   and point A on   .A possible cause of this change in equilibrium is A) an exogenous rise in the price level. B) a decrease in desired investment. C) a decrease in autonomous consumption. D) a decrease in desired net exports. E) an increase in government purchases. FIGURE 23-1
-Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   FIGURE 23-1 -Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   .Now,suppose the AE curve shifts to   and we move to a new equilibrium level of GDP at   and point A on   .A possible cause of this change in equilibrium is A) an exogenous rise in the price level. B) a decrease in desired investment. C) a decrease in autonomous consumption. D) a decrease in desired net exports. E) an increase in government purchases. .Now,suppose the AE curve shifts to   FIGURE 23-1 -Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   .Now,suppose the AE curve shifts to   and we move to a new equilibrium level of GDP at   and point A on   .A possible cause of this change in equilibrium is A) an exogenous rise in the price level. B) a decrease in desired investment. C) a decrease in autonomous consumption. D) a decrease in desired net exports. E) an increase in government purchases. and we move to a new equilibrium level of GDP at   FIGURE 23-1 -Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   .Now,suppose the AE curve shifts to   and we move to a new equilibrium level of GDP at   and point A on   .A possible cause of this change in equilibrium is A) an exogenous rise in the price level. B) a decrease in desired investment. C) a decrease in autonomous consumption. D) a decrease in desired net exports. E) an increase in government purchases. and point A on   FIGURE 23-1 -Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is   .Now,suppose the AE curve shifts to   and we move to a new equilibrium level of GDP at   and point A on   .A possible cause of this change in equilibrium is A) an exogenous rise in the price level. B) a decrease in desired investment. C) a decrease in autonomous consumption. D) a decrease in desired net exports. E) an increase in government purchases. .A possible cause of this change in equilibrium is


A) an exogenous rise in the price level.
B) a decrease in desired investment.
C) a decrease in autonomous consumption.
D) a decrease in desired net exports.
E) an increase in government purchases.

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