According to the table, investment is:Autonomous with respect to disposable incomeshift upDetermined by bureaucratsslope upwardResponsive to changes in disposable incomeslope downwardResponsive to changes in foreign incomesshift downA decrease in interest rates would cause the investment function you drew previously to 4. Components of aggregate expenditureSuppose the following table shows the components of aggregate expenditure for an economy when disposable income is $400 billion and when it is$650 billion:Disposable Income$400 billion$650 billionConsumption$550 billion$575 billionInvestment$100 billion$100 billionGovernment Purchases$125 billion$125 billionNet Exports$150 billion$140 billionAggregate Expenditure$925 billion$940 billion

Since you the question you have posted consists of multiple parts and the second part is incomplete…

According to the table, investment is: Autonomous with respect to disposable income shift up Determined by bureaucrats slope upward Responsive to changes in disposable income slope downward Responsive to changes in foreign incomes shift down A decrease in interest rates would cause the investment function you drew previously to

According to the table, investment is: Autonomous with respect to disposable income shift up Determined by bureaucrats slope upward Responsive to changes in disposable income slope downward Responsive to changes in foreign incomes shift down A decrease in interest rates would cause the investment function you drew previously to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

According to the table, investment is:
Autonomous with respect to disposable income
shift up
Determined by bureaucrats
slope upward
Responsive to changes in disposable income
slope downward
Responsive to changes in foreign incomes
shift down
A decrease in interest rates would cause the investment function you drew previously to

4. Components of aggregate expenditure
Suppose the following table shows the components of aggregate expenditure for an economy when disposable income is $400 billion and when it is
$650 billion:
Disposable Income
$400 billion
$650 billion
Consumption
$550 billion
$575 billion
Investment
$100 billion
$100 billion
Government Purchases
$125 billion
$125 billion
Net Exports
$150 billion
$140 billion
Aggregate Expenditure
$925 billion
$940 billion

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