28. Refer to the accompanying figure. Planned Aggregate Expenditure, PAE 4,750 4,000 3,250 1,000 45° B. 3,250. C. 4,000. D. 4,750. 3,000 4,000 5,000 Y" PAE = 1,000+ 0.75Y Output, Y Based on the Keynesian cross diagram, short-run equilibrium output equals: A. 3,000.

28. Refer to the accompanying figure. Planned Aggregate Expenditure, PAE 4,750 4,000 3,250 1,000 45° B. 3,250. C. 4,000. D. 4,750. 3,000 4,000 5,000 Y" PAE = 1,000+ 0.75Y Output, Y Based on the Keynesian cross diagram, short-run equilibrium output equals: A. 3,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

28. Refer to the accompanying figure.
Planned Aggregate Expenditure, PAE
PAE = 1,000+ 0.75Y
*
4,750
4,000
3,250
1,000
45°
B. 3,250.
C. 4,000.
D. 4,750.
3,000 4,000 5,000
Y*
Output, Y
Based on the Keynesian cross diagram, short-run
equilibrium output equals:
A. 3,000.

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