a. What is aggregate planned expenditure when real GDP is $200 billion? b. If real GDP is
Question:
a. What is aggregate planned expenditure when real GDP is $200 billion?
b. If real GDP is $200 billion, explain the process that moves the economy toward equilibrium expenditure.
c. If real GDP is $500 billion, explain the process that moves the economy toward equilibrium expenditure.
The spreadsheet lists real GDP ( Y ) and the components of aggregate planned expenditure in billions of dollars.
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a Aggregate planned expenditure is the total amount of spending planned by households businesses government and foreign buyers on a countrys goods and ...View the full answer
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