WebThe aggregate expenditures function is the relationship of aggregate expenditures to the value of real GDP. It can be represented with an equation, as a table, or as a curve. We … WebFind a numerical equation relating planned aggregate expenditure to output. Instructions: Enter your response for mpc rounded to two decimal places. PAE = + Y b. Construct a table to find the An economy is described by the following equations: C = 40 + 0.9 (Y − T) Ip = 80 G = 140 NX = 20 T = 170 Y* = 1,225 The multiplier in this economy is 10. a.
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WebThe slope of the PAE (planned aggregate expenditure) line is equal to: A.the Keynesian multiplier. B.autonomous consumption. C.the effect of unplanned inventory investment on output. D.the marginal propensity to consume. D. the marginal propensity to consume . 3. Refer to the figure. WebFinal answer Transcribed image text: 10) Use the following figure to answer this question. Suppose that the economy is currently at PAE1, with an output of $500 billion. Full employment output level is given as $700 billion. If the marginal propensity to consume (MPC) is 0.50 , which of the following is true? autoteile jena
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Web(a) Equation of planned aggregate expenditure: PAE = 120+0.8Y (b) Short run equilibrium level attains when planned aggregate expenditure (PAE) is equal to the aggregate supply or output level. So, according to the given table in explanation, equilibrium level is settled at the output level 600 and Y-PAE equals zero. WebPlanned Aggregate Expenditure (PAE billions $) PAE = Y PAE, Aggregate Output or GDP (Y billions $) c. A decrease in aggregate income will: cause a downward movement along the … WebFeb 3, 2024 · The Tracker “codes” each project listed in a city or county’s annual Recovery Plan Performance Report at two levels: 1) in one of seven overall spending groups … autoteile k