9:12 PM Sun Mar 3 81% Water Bottle Cr X My Shaw Untitled My Shaw shaw id - Googl X Pearson Do Homework - X + C' mylab.pearson.com 0 19 Econ 1221 003 Spring 2024 = Homework: Homework 5 Question 1, 6.2 Study Exercise 5 Part 1 of 4 Lecielo Kate Fernandez 03/03/24 9:12 PM ? HW Score: 53.1%, 15.4 of 29 points Points: 0 of 3 Save Question list K Consider the diagram of the AE function and the 45 line to the right. Aggregate Expenditure Function 2,400- 45%line Question 1 a. Suppose the level of actual national income is Y. is the level of desired aggregate expenditure? Is it greater or less than actual output? What 2,200 2,000- 1,800- The desired level of aggregate expenditure is $ which 1,600- AEO is Question 2 than the level of actual output. (Round your 1,400- response to the nearest dollar.) 1,200- 1,000- 800- Question 3 600- 400- 200 Question 4 Y1 0 300 Y2 Y3 Y4 Y5 600 900 1,200 1,500 1,800 2,100 2,400 Actual Nominal Income (Y) Question 5 Etext pages Grapher Ask my instructor Clear all Check answer