ed The figure shows planned aggregate expenditure and output for an economy. PAE=Y Planned Aggregate Expenditure (PAE) PAE PAE2 PAE, Y₂ Y3 Actual Aggregate Expenditure (Output or GDP, Y) Suppose that the economy starts at PAE2. What change would cause a move from PAE2 to PAE₁? Multiple Choice Consumption increases Exports increase. Government spending decreases. Investment increases The figure below plots a histogram of ages for Olympic athletes. What are ways that this plot could be improved: Mark all that apply. count 20000- 15000- 10000- 5000- 0- 20 20 40 age_of_athlete Do a scatter plot instead of a histogram to more effectively portray the information Change X-axis label Add a title Capitalize Y-axis label 80 60
ed The figure shows planned aggregate expenditure and output for an economy. PAE=Y Planned Aggregate Expenditure (PAE) PAE PAE2 PAE, Y₂ Y3 Actual Aggregate Expenditure (Output or GDP, Y) Suppose that the economy starts at PAE2. What change would cause a move from PAE2 to PAE₁? Multiple Choice Consumption increases Exports increase. Government spending decreases. Investment increases The figure below plots a histogram of ages for Olympic athletes. What are ways that this plot could be improved: Mark all that apply. count 20000- 15000- 10000- 5000- 0- 20 20 40 age_of_athlete Do a scatter plot instead of a histogram to more effectively portray the information Change X-axis label Add a title Capitalize Y-axis label 80 60
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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answer 1st que
Transcribed Image Text:ed
The figure shows planned aggregate expenditure and output for an economy.
PAE=Y
Planned Aggregate Expenditure (PAE)
PAE
PAE2
PAE,
Y₂
Y3
Actual Aggregate Expenditure (Output or GDP, Y)
Suppose that the economy starts at PAE2. What change would cause a move from PAE2 to PAE₁?
Multiple Choice
Consumption increases
Exports increase.
Government spending decreases.
Investment increases
Transcribed Image Text:The figure below plots a histogram of ages for Olympic athletes. What are ways that this plot could
be improved: Mark all that apply.
count
20000-
15000-
10000-
5000-
0-
20
20
40
age_of_athlete
Do a scatter plot instead of a histogram to more effectively portray the information
Change X-axis label
Add a title
Capitalize Y-axis label
80
60
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