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Autonomous part of consumption expenditure = $10B Investment = $5B Government expenditures on goods and services = $40B Exports = $5B Slope of AE function

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Autonomous part of consumption expenditure = $10B Investment = $5B Government expenditures on goods and services = $40B Exports = $5B Slope of AE function = 0.5 What is autonomous expenditure in this economy? (1) What is the equation of the AE function? (1) Draw a graph containing the AE curve for this economy (label it AE) as well as a 45 line. (1) What is equilibrium expenditure? (1) What is induced expenditure in equilibrium? (1)

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