Refer to Figure 1. According to the figure above, at what point is aggregate expenditure greater...
Refer to Figure 1. According to the figure above, at what point is aggregate expenditure greater than GDP?
A) J
B) K
C) L
D) none of the above
Homework Answers
Ans is A
45° line is known as aggregate supply curve and aggregate expenditure curve is the aggregate demand curve
At point J clearly Aggregate expenditure is greater than GDP
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Refer to Figure 1. According to the
figure above, at what point is aggregate expenditure greater...
At point a in the graph to the right, planned aggregate expenditure is At point A...
At point a in the graph to the right, planned aggregate
expenditure is
At point A in the graph to the right planned aggregate expenditure is GDP. At point B, planned aggregate expenditure is GDP. At point, planned aggregate expenditure is GDP. At point A, the unintended change in inventories can be shown on the graph by: Real aggregate expenditure, AE O A. the horizontal distance between point A and point B. OB. the vertical distance between point A and...
$10,0001 $8,000 Aggregate expenditure $6,000 Aggregate Expenditure $4,000 $2,000 $0 $0 $2,000 $4,000 $6,000 $8,000 $10,000...
$10,0001 $8,000 Aggregate expenditure $6,000 Aggregate Expenditure $4,000 $2,000 $0 $0 $2,000 $4,000 $6,000 $8,000 $10,000 Real GDP (Y) 1. The premise of the Keynesian aggregate expenditure model is that the amount of goods and services produced, and therefore the level of employment, depends directly on the level of total expenditures Refer to the above graph and answer the following questions: a. For the GDP level of $5000, GDP (output from producers) is less than real domestic output desired by...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to real GDP at the equilibrium level of aggregate planned expenditure. c. never less than real GDP but can be greater than real GDP. d. never greater than real GDP but can be less than real GDP.
1. Suppose below diagram illustrates the aggregate expenditure function of an economy. a. What is the...
1. Suppose below diagram illustrates the aggregate expenditure function of an economy. a. What is the value of the equilibrium output in this economy? b. What is the value of the MPC according to the aggregate expenditure function? c. What is the value of the multiplier? d. What is the unplanned change in inventory when the real GDP is $15 billion? e. Suppose the economy is producing the macroeconomic equilibrium output level. If there is an increase in autonomous expenditure...
If the short-run aggregate supply decreases by more than the long-run aggregate supply, then, at the...
If the short-run aggregate supply decreases by more than the long-run aggregate supply, then, at the short-run equilibrium, a) Output will be equal to its natural level. b) Output will be above its natural level. O c) Unemployment will be equal to the natural rate of unemployment. d) Output will be below its natural level. Facebl» wides anಂಕು Suppose the economy is at point C. If investment spending decreases in the economy, where will the eventual long-run equilibrium be? a)...
a. decrease b. increase c. constant Check my answer for me..pls $10,000 $8,000 Aggregate expenditure $6,000...
a.
decrease
b. increase
c. constant
Check my answer for me..pls
$10,000 $8,000 Aggregate expenditure $6,000 Aggregate Expenditure $4,000 $2,000 SO $0 $8,000 $10,000 $2,000 $4,000 $6,000 Real GDP (Y) 1. The premise of the Keynesian aggregate expenditure model is that the amount of goods and services produced, and therefore the level of employment, depends directly on the level of total expenditures. Refer to the above graph and answer the following questions: a. For the GDP level of $5000, GDP...
provide an explanation with a steps of the answer for each question please 1,600 Planned aggregate expenditure, AE...
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer...
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer this question. According to neoclassicists, which of the following is true? A) The horizontal axes of both graphs A and B show nominal GDP. It is not possible for an economy to be at Y2 in graph B. C) The shift from AD3 to AD4 is caused by an increase in the price level Graph A illustrates that changes in aggregate demand have no...
TO F Panel (b) Panel (a) real interest rate, with no other changes that affect aggregate in panel (b). 16. Refer to fig...
TO F Panel (b) Panel (a) real interest rate, with no other changes that affect aggregate in panel (b). 16. Refer to figure 10.3. An increase in the real interest rate expenditure, is best represented by in panel (a) and - A) a shift from AE to AE3: a shift from 151 to IS2 B) a shift from AE3 to AEz: a shift from IS2 to IS1 C) a shift from AE to AE]: a movement from point B to...
When the aggregate demand curve and the short-run aggregate supply curve intersect, a) the long-run aggregate...
When the aggregate demand curve and the short-run aggregate supply curve intersect, a) the long-run aggregate supply curve must also intersect at the same point. Ob) the economy must experience higher output than the natural level of output. o c) the economy must experience lower output than the natural level of output. o d) the economy is in short-run macroeconomic equilibrium. In a small economy in 2016, aggregate expenditure was $900 million while GDP that year was $750 million. Which...
At point a in the graph to the right, planned aggregate
expenditure is
At point A in the graph to the right planned aggregate expenditure is GDP. At point B, planned aggregate expenditure is GDP. At point, planned aggregate expenditure is GDP. At point A, the unintended change in inventories can be shown on the graph by: Real aggregate expenditure, AE O A. the horizontal distance between point A and point B. OB. the vertical distance between point A and...
$10,0001 $8,000 Aggregate expenditure $6,000 Aggregate Expenditure $4,000 $2,000 $0 $0 $2,000 $4,000 $6,000 $8,000 $10,000 Real GDP (Y) 1. The premise of the Keynesian aggregate expenditure model is that the amount of goods and services produced, and therefore the level of employment, depends directly on the level of total expenditures Refer to the above graph and answer the following questions: a. For the GDP level of $5000, GDP (output from producers) is less than real domestic output desired by...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to real GDP at the equilibrium level of aggregate planned expenditure. c. never less than real GDP but can be greater than real GDP. d. never greater than real GDP but can be less than real GDP.
1. Suppose below diagram illustrates the aggregate expenditure function of an economy. a. What is the value of the equilibrium output in this economy? b. What is the value of the MPC according to the aggregate expenditure function? c. What is the value of the multiplier? d. What is the unplanned change in inventory when the real GDP is $15 billion? e. Suppose the economy is producing the macroeconomic equilibrium output level. If there is an increase in autonomous expenditure...
If the short-run aggregate supply decreases by more than the long-run aggregate supply, then, at the short-run equilibrium, a) Output will be equal to its natural level. b) Output will be above its natural level. O c) Unemployment will be equal to the natural rate of unemployment. d) Output will be below its natural level. Facebl» wides anಂಕು Suppose the economy is at point C. If investment spending decreases in the economy, where will the eventual long-run equilibrium be? a)...
a.
decrease
b. increase
c. constant
Check my answer for me..pls
$10,000 $8,000 Aggregate expenditure $6,000 Aggregate Expenditure $4,000 $2,000 SO $0 $8,000 $10,000 $2,000 $4,000 $6,000 Real GDP (Y) 1. The premise of the Keynesian aggregate expenditure model is that the amount of goods and services produced, and therefore the level of employment, depends directly on the level of total expenditures. Refer to the above graph and answer the following questions: a. For the GDP level of $5000, GDP...
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer this question. According to neoclassicists, which of the following is true? A) The horizontal axes of both graphs A and B show nominal GDP. It is not possible for an economy to be at Y2 in graph B. C) The shift from AD3 to AD4 is caused by an increase in the price level Graph A illustrates that changes in aggregate demand have no...
TO F Panel (b) Panel (a) real interest rate, with no other changes that affect aggregate in panel (b). 16. Refer to figure 10.3. An increase in the real interest rate expenditure, is best represented by in panel (a) and - A) a shift from AE to AE3: a shift from 151 to IS2 B) a shift from AE3 to AEz: a shift from IS2 to IS1 C) a shift from AE to AE]: a movement from point B to...
When the aggregate demand curve and the short-run aggregate supply curve intersect, a) the long-run aggregate supply curve must also intersect at the same point. Ob) the economy must experience higher output than the natural level of output. o c) the economy must experience lower output than the natural level of output. o d) the economy is in short-run macroeconomic equilibrium. In a small economy in 2016, aggregate expenditure was $900 million while GDP that year was $750 million. Which...
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