Aggregate Expenditure (dollars) 1,000 800 700 600 400 200 0 ΔΑΕ 45° OB. 600-700 billion dollars. Oc 700-800 billion dollars. Potential GDP 0 200 400 600 700 800 1,000 Real GDP (billions of constant dollars) In the above figure, an increase in aggregate expenditure is shown as an increase from 400-700 billion dollars. OA OD 800-1000 billion dollars. AY AE₁ AE

Aggregate Expenditure (dollars) 1,000 800 700 600 400 200 0 ΔΑΕ 45° OB. 600-700 billion dollars. Oc 700-800 billion dollars. Potential GDP 0 200 400 600 700 800 1,000 Real GDP (billions of constant dollars) In the above figure, an increase in aggregate expenditure is shown as an increase from 400-700 billion dollars. OA OD 800-1000 billion dollars. AY AE₁ AE

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 1P

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