Figure 13-5
-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment. Consider a simple economy where AE = C + I_P, and I_P is autonomous. What is the value of autonomous AE?

Question

Figure 13-5 Figure 13-5 -Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment. Consider a simple economy where AE = C + IP, and IP is autonomous. What is the value of autonomous AE? A) $2,000 billion B) $3,000 billion C) $4,500 billion D) $8,000 billion

Figure 13-5 -Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI<sub>P</sub> = Planned Investment. Consider a simple economy where AE = C + I<sub>P</sub>, and I<sub>P</sub> is autonomous. What is the value of autonomous AE? A) $2,000 billion B) $3,000 billion C) $4,500 billion D) $8,000 billion

-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment. Consider a simple economy where AE = C + I_P, and I_P is autonomous. What is the value of autonomous AE?

Quizplus · Accepted Answer

Autonomous AE is the level of aggregate expenditures when real GDP is zero, which is given as $2,000 billion.

Figure 13-5 -Refer to Figure 13-5. Let Y = Real GDP, AE