Planned aggregate expenditure (PAE, billions of $) 1,400 1,200 1,000 800 600 400 200 0 X₂ X² 2. Actual aggregate expenditure (Y, billions of dollars) Type your answers in all of the blanks and submit. 200 400 600 800 1,000 1,200 1,400 The following shows the PAE of an economy. Based on the graph, answer the following: 1. PAE equation is PAE = Type your answer here 2. The equilibrium level of output is $ Type your answer here Type your answer here 3. Suppose that planned investment increases by $200. The new PAE equation is PAE = + Type your answer here Y PAE 4. The new equilibrium level of output is $ Type your answer here 5. The multiplier is Type your answer here Y Type your answer here

Planned aggregate expenditure (PAE, billions of $) 1,400 1,200 1,000 800 600 400 200 0 X₂ X² 2. Actual aggregate expenditure (Y, billions of dollars) Type your answers in all of the blanks and submit. 200 400 600 800 1,000 1,200 1,400 The following shows the PAE of an economy. Based on the graph, answer the following: 1. PAE equation is PAE = Type your answer here 2. The equilibrium level of output is $ Type your answer here Type your answer here 3. Suppose that planned investment increases by $200. The new PAE equation is PAE = + Type your answer here Y PAE 4. The new equilibrium level of output is $ Type your answer here 5. The multiplier is Type your answer here Y Type your answer here

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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