The aggregate expenditure line shows
A) real GDP on the horizontal axis and aggregate expenditure on the vertical axis
B) aggregate expenditure on the horizontal axis and real GDP on the vertical axis
C) consumption on the horizontal axis and aggregate expenditure on the vertical axis
D) aggregate expenditure on the horizontal axis and consumption on the vertical axis
E) investment on the horizontal axis and aggregate expenditure on the vertical axis
Correct Answer:
Verified
Q7: Exhibit 9-6 Q8: The aggregate expenditure line,along with the 45-degree Q9: If an economy is in equilibrium when Q10: The aggregate expenditure line shows total planned Q12: The equilibrium quantity of aggregate output occurs
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