Consider the following graph: Planned aggregate expenditure (PAE, billions of $) 400 360 320 280 240...

 

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Consider the following graph: Planned aggregate expenditure (PAE, billions of $) 400 360 320 280 240 200 160 120 80 40 0 280 200 1080 Aggregate output or GDP (Y, billions of $) 120 160 240 320 360 PAE = Y PAE 400 Instructions: Round your answers to one decimal place. a. Autonomous expenditure = $ b. Equilibrium output = $ c. Marginal propensity to consume = 43 Consider the following graph: Planned aggregate expenditure (PAE, billions of $) 400 360 320 280 240 200 160 120 80 40 0 280 200 1080 Aggregate output or GDP (Y, billions of $) 120 160 240 320 360 PAE = Y PAE 400 Instructions: Round your answers to one decimal place. a. Autonomous expenditure = $ b. Equilibrium output = $ c. Marginal propensity to consume = 43

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To answer the questions based on the graph provided we need to analyze the Planned aggregate expendi... View the full answer