,000 0,000 45° 10,000 11,000 12,000 13,000 14,000 15,000 16,000 Real GDP (billions of dollars) Instructions: Enter your answer as a whole number. b. Looking at your graph, determine whether equilibrium GDP has increased, decreased, or stayed the same given the $500 increase in government purchases. Equilibrium GDP has (Click to select) by $ Shown below is the aggregate expenditures model composed of consumption and investment spending for a closed economy. a. Show the effect of a $500 increase in government spending. Instructions: Click and drag on the expenditure line to move it to the correct position given the $500 increase in government spending. A Closed Economy Aggregate expenditures (billions of dollars) 16,000 15,000 14,000 C+I+G 13,000 A 12,000 11,000

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