The figure given below represents the macroeconomic equilibrium in the aggregate income and aggregate expenditure framework Assume that MPI is equal to zero Figure 10 4 In the figure C Consumption I 1 and I 2 Investment G Government Spending X Net Exports 45 Line 800 O 3 E3 600 Aggregate Expenditures (dollars) Oth G X 400 E1 200 O 200 400 600 800 Real GDP (dollars)

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Question: The figure given below represents the macroeconomic equilibrium in the aggregate income and aggregate expenditure framework. Assume that MPI is equal to zero. Figure 10.4

The figure given below represents the macroeconomic equilibrium in the aggregate income and aggregate expenditure framework. Assume that MPI is equal to zero.

Figure 10.4

In the figure:

C: Consumption

I₁and I₂: Investment

G: Government Spending

X: Net Exports

The figure given below represents the macroeconomic equilibrium in the aggregate income

45 Line 800 O+ +3+* E3 600 Aggregate Expenditures (dollars) Oth+G+X 400-+ E1 200-+ O 200 400 600 800 Real GDP (dollars)

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