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(Table)The Table That Follows Shows the Data for Keynesland

Question 32

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(Table)The table that follows shows the data for Keynesland.
Income
Aggregate Expenditures
$0
$100
$100
$150
$200
$200
$300
$250
$400
$300
$500
$350
$600
$400
Plot the data on an aggregate expenditure schedule.Suppose a housing boom causes consumption spending to rise by $100 at all levels.Graph the new aggregate expenditure schedule.By how much would equilibrium income rise? What is the value of the multiplier?

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