-Based on the Keynesian cross diagram above,at short-run equilibrium output,autonomous planned aggregate expenditure equals _________ and induced planned aggregate expenditure equals ________.

Question

Quizplus · Accepted Answer

In the Keynesian cross diagram, short-run equilibrium output occurs where planned aggregate expenditure equals actual output. Autonomous planned aggregate expenditure is the part of spending that does not depend on the level of income, while induced planned aggregate expenditure is the part that varies with income. In this context, autonomous planned aggregate expenditure is 1,000, and induced planned aggregate expenditure is 3,000.

-Based on the Keynesian Cross Diagram Above,at Short-Run Equilibrium Output,autonomous