(Table)The table that follows shows the data for Keynesland.
Income
Aggregate Expenditures
$0
$100
$100
$150
$200
$200
$300
$250
$400
$300
$500
$350
$600
$400
Plot the data on an aggregate expenditure schedule.Suppose a housing boom causes consumption spending to rise by $100 at all levels.Graph the new aggregate expenditure schedule.By how much would equilibrium income rise? What is the value of the multiplier?

Question

Quizplus · Accepted Answer

The Answer of (Table)The table that follows shows the data for Keynesland.
Income
Aggregate Expenditures
$0
$100
$100
$150
$200
$200
$300
$250
$400
$300
$500
$350
$600
$400
Plot the data on an aggregate expenditure schedule.Suppose a housing boom causes consumption spending to rise by $100 at all levels.Graph the new aggregate expenditure schedule.By how much would equilibrium income rise? What is the value of the multiplier?

(Table)The Table That Follows Shows the Data for Keynesland