Figure 24-3.
-Refer to Figure 24-3.For an economy such as the United States,what component of the demand for goods and services is most responsible for the decrease in output from Y₁ to Y₂?

Question

Figure 24-3. -Refer to Figure 24-3.For an economy such as the United States,what component of the demand for goods and services is most responsible for the decrease in output from Y₁ to Y₂?

Quizplus · Accepted Answer

Based on the graph, the only component that shows a significant decrease is investment (from I1 to I2), while consumption, net exports, and government spending remain relatively constant. Therefore, it can be concluded that the decrease in output is most likely due to a decrease in investment.

Figure 24-3. -Refer to Figure 24-3.For an Economy Such as the United