Refer to the information provided in Figure 23.12 below to answer the question(s) that follow. Figure 23.12
-Refer to Figure 23.12. [600 + 0.4Y] represents the
A) aggregate expenditures function.
B) saving function.
C) equilibrium function.
D) multiplier function.

Question

Refer to the information provided in Figure 23.12 below to answer the question(s) that follow.  Figure 23.12
-Refer to Figure 23.12. [600 + 0.4Y] represents the
A) aggregate expenditures function. 
B) saving function. 
C) equilibrium function. 
D) multiplier function.

Quizplus · Accepted Answer

[600 + 0.4Y] represents the aggregate expenditures function which shows the total spending in the economy at different levels of income.

Refer to the Information Provided in Figure 23