If investment increases by $1 trillion, calculate the change in the quantity of real GDP demanded if
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The figure shows the aggregate demand curve in an economy. Suppose that aggregate planned expenditure increases by $0.75 trillion for each $1 trillion increase in real GDP.
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FIGURE 14.2 Chapter Checkpoint Assignable Problems 7,8 Price level (GDP price index) 115 105 95 AD Real GDP (trillions of 2009 dollars)
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Because aggregate planned expenditure increases by 075 of ...View the full answer
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