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Figure 13-6 -Refer to Figure 13-6. Let Y = Real GDP, AE

Question 101

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Figure 13-6 Figure 13-6 -Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI<sub>P</sub> = Planned Investment, G = Government Purchases. Further, I<sub>P</sub> and G are autonomous. What is the equation of the aggregate expenditures curve? All figures in billions of dollars. A) AE = G + I<sub>P</sub> B) AE = 800 + G + I<sub>P</sub> C) AE = 800 + G + I<sub>P </sub>+ 0.5Y D) AE = 800 + 0.5Y
-Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment, G = Government Purchases. Further, IP and G are autonomous. What is the equation of the aggregate expenditures curve? All figures in billions of dollars.


A) AE = G + IP
B) AE = 800 + G + IP
C) AE = 800 + G + IP + 0.5Y
D) AE = 800 + 0.5Y

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