Fill in the blanks with the number that corresponds to the correct word or phrase n the word bank 1. smaller 2. autonomous expenditure 3. greater 5. Aggregate expenditure 7. increasing 4. Real GDP 6. Horizontal line 8. 5400 9. decreasing 10. $4000 11. Autonomous consumption and induced 12. Consumption and investment consumption 13. Less than 14. crosses 15. Autonomous aggregate expenditure 16. Induced expenditure 17. $7000 Planned investment expenditures are they do not vary with real GDP while consumption spending is since it rises with real GDP. A curve showing induced aggregate expenditures has a slope than zero; while autonomous expenditure is represented by a on a graph. Given the following equation for a consumption function; C=$400 billion + 0.8 Y and the level of income is $ 5000, then autonomous consumption is billion and induced consumptions equals Total consumption is the summation of . In a simple economy with no government and no international trade aggregate expenditure is the summation of The slope of the aggregate expenditures curve, is given by the change in divided by the change in real GDP between any two points

Fill in the blanks with the number that corresponds to the correct word or phrase n the word bank 1. smaller 2. autonomous expenditure 3. greater 5. Aggregate expenditure 7. increasing 4. Real GDP 6. Horizontal line 8. 5400 9. decreasing 10. $4000 11. Autonomous consumption and induced 12. Consumption and investment consumption 13. Less than 14. crosses 15. Autonomous aggregate expenditure 16. Induced expenditure 17. $7000 Planned investment expenditures are they do not vary with real GDP while consumption spending is since it rises with real GDP. A curve showing induced aggregate expenditures has a slope than zero; while autonomous expenditure is represented by a on a graph. Given the following equation for a consumption function; C=$400 billion + 0.8 Y and the level of income is $ 5000, then autonomous consumption is billion and induced consumptions equals Total consumption is the summation of . In a simple economy with no government and no international trade aggregate expenditure is the summation of The slope of the aggregate expenditures curve, is given by the change in divided by the change in real GDP between any two points

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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