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9. From the table above, what kind of situation is the country in with regards to the trade balance (i.e. do we have a trade

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9. From the table above, what kind of situation is the country in with regards to the trade balance (i.e. do we have a trade surplus or deficit or balanced trade)? What kind of situation is the country in with regards to the domestic balance (i.e. is the government running a budget deficit or budget surplus or balanced budget)? 10. Use the table above to calculate the slope ofthe AE curve. [Hint: Recall that the slope of the AE curve is the additional increase in aggregate expenditures arising from an increase in GDP.] 11. Recall that the Aggregate Expenditure function is written as: AE : AE0 +(slope of AE)>

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