Use the diagram to the right to answer the following. Real aggregate Expenditure, AE (trillions of...

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Use the diagram to the right to answer the following. Real aggregate Expenditure, AE (trillions of 2007 dollars) 18.0 16.0 14.0-13.6 12.0 10.4 12.0+ 10.0 8.04 6.04 4.04 2.0 0.04 45° 10 12 14 10 12 14 16 4 Real GDP, Y (trillions of 2007 dollars) a. What is the value of equilibrium real GDP? b. What is the value of the MPC? c. What is the value of the multiplier? a. The equilibrium value of real GDP is $ trillion. (Round your response to the nearest whole number.) (Round your response to two b. The MPC is equal to decimal places.) c. The multiplier is equal to one decimal place.) (Round your response to Use the diagram to the right to answer the following. Real aggregate Expenditure, AE (trillions of 2007 dollars) 18.0 16.0 14.0-13.6 12.0 10.4 12.0+ 10.0 8.04 6.04 4.04 2.0 0.04 45° 10 12 14 10 12 14 16 4 Real GDP, Y (trillions of 2007 dollars) a. What is the value of equilibrium real GDP? b. What is the value of the MPC? c. What is the value of the multiplier? a. The equilibrium value of real GDP is $ trillion. (Round your response to the nearest whole number.) (Round your response to two b. The MPC is equal to decimal places.) c. The multiplier is equal to one decimal place.) (Round your response to

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a The intersection of the Aggregate Expenditure AE lin... View the full answer