IM 60 -65 75 160 100 40 300 100 80 -45 65 75 160 100 50 350 200 100 -25 125 75 160 100 60 400 300 120 -5 185 75 160 100 70 450 400 140 15 245 75 160 100 80 500 500 160 35 305 75 160 100 90 550 600 180 55 365 75 160 100 100 600 700 200 75 425 75 160 100 110 650 800 220 95 485 75 160 100 120 700 1. (0 points) Aggregate Expenditures 1. Plot aggregate expenditures as a function of national income 900 800 700 600 500 400 300 200 100 100 200 300 400 500 600 700 800 900 National Income 2. Add to the graph a 45 degree line 3. When is the economy in equilibrium (expenditure approach equals the income approach)? Aggregate Expenditures

IM 60 -65 75 160 100 40 300 100 80 -45 65 75 160 100 50 350 200 100 -25 125 75 160 100 60 400 300 120 -5 185 75 160 100 70 450 400 140 15 245 75 160 100 80 500 500 160 35 305 75 160 100 90 550 600 180 55 365 75 160 100 100 600 700 200 75 425 75 160 100 110 650 800 220 95 485 75 160 100 120 700 1. (0 points) Aggregate Expenditures 1. Plot aggregate expenditures as a function of national income 900 800 700 600 500 400 300 200 100 100 200 300 400 500 600 700 800 900 National Income 2. Add to the graph a 45 degree line 3. When is the economy in equilibrium (expenditure approach equals the income approach)? Aggregate Expenditures

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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