Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 4.8P
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Question
![Consider the planned expenditure curve (PAE) in the figure below.
PAE = Y
Planned Aggregate Expenditure (PAE, billions of $)
300
275
PAE
250
225
200
175
150
125
100
75
50
275
200
175
150
125
25
100
Actual Aggregate Expenditure (Y, billions of $)
What is the level of autonomous expenditure in this economy?
Instructions: Enter a whole number.
billion
300
250
225
450
15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76615506-f037-4565-8730-0a9eb1c263a5%2F14a0c8d4-7e29-476f-8283-86b02d415ffb%2Fuwo7xt_processed.png&w=3840&q=75)
Transcribed Image Text:Consider the planned expenditure curve (PAE) in the figure below.
PAE = Y
Planned Aggregate Expenditure (PAE, billions of $)
300
275
PAE
250
225
200
175
150
125
100
75
50
275
200
175
150
125
25
100
Actual Aggregate Expenditure (Y, billions of $)
What is the level of autonomous expenditure in this economy?
Instructions: Enter a whole number.
billion
300
250
225
450
15
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ISBN:
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Author:
Roger A. Arnold
Publisher:
Cengage Learning