Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. d. What is total autonomous expenditure?Total autonomous expenditure is $ 500 billion. (Round your response to the nearest whole number.)The marginal propensity to spend is. (Round your response to two decimal places.) Desired Aggregate Expenditures ($billions)Aggregate Expenditure and Equilibrium1,5001.400-1.300-1.2001.100-1.000-900-800-700600-500-400-300-200-100-O200B45° lineAEG400 600800 1.000 1.200 1.400National Income ($ billions)3

MPS or marginal propensity to spend refers to the percentage of income spent on goods and services.…

d. What is total autonomous expenditure? Total autonomous expenditure is $ 500 The marginal propensity to spend is billion. (Round your response to the nearest whole number.) (Round your response to two decimal places)

d. What is total autonomous expenditure? Total autonomous expenditure is $ 500 The marginal propensity to spend is billion. (Round your response to the nearest whole number.) (Round your response to two decimal places)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section10.4: The Simple Keynesian Model In The Te-tp Framework

Problem 2ST

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Question

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

d. What is total autonomous expenditure?
Total autonomous expenditure is $ 500 billion. (Round your response to the nearest whole number.)
The marginal propensity to spend is. (Round your response to two decimal places.)

Desired Aggregate Expenditures ($billions)
Aggregate Expenditure and Equilibrium
1,500
1.400-
1.300-
1.200
1.100-
1.000-
900-
800-
700
600-
500-
400-
300-
200-
100-
O
200
B
45° line
AE
G
400 600
800 1.000 1.200 1.400
National Income ($ billions)
3

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