In a graph with real GDP on the horizontal axis and aggregate expenditures on the vertical axis, autonomous aggregate expenditures are represented by
A) a ray from the origin.
B) an upward sloping line with a positive vertical intercept.
C) a 45-degree line.
D) a horizontal line.
Correct Answer:
Verified
Q60: Use the following to answer questions .
Exhibit:
Q61: Unplanned investment occurs when
I. aggregate expenditures exceed
Q62: Use the following to answer questions .
Exhibit:
Q63: Expenditures that do not vary with the
Q64: The relationship between aggregate expenditures and real
Q66: Unplanned investment is
A) the level of investment
Q67: If an economy is in equilibrium,
A) planned
Q68: Aggregate expenditures are the
A) sum of planned
Q69: Expenditures that vary with the level of
Q70: An increase in the wealth of households,
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