Use an aggregate expenditure diagram to show the effect of each of the following changes: a. An

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Use an aggregate expenditure diagram to show the effect of each of the following changes:
a. An increase in autonomous consumption spending due, say, to optimism on the part of consumers
b. An increase in U.S. exports
c. An increase in U.S. imports
In each case, be sure to label the initial equilibrium and the new equilibrium.

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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