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Begin with the new equilibrium level of national income from part (d). Suppose household wealth increased from $ to $. What happens to the AE
Begin with the new equilibrium level of national income from part (d). Suppose household wealth increased from $ to $. What happens to the AE function? By how much does national income change? The AE function would shift up by $ 500. Part 9 Equilibrium national income would change by $ 2,000. . . . Question content area right Part 1 Aggregate Expenditure and Equilibrium 0 2,000 4,000 6,000 8,000 10,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Actual National Income Desired Aggregate Expenditures interactive graph Part 2 Aggregate Expenditure and Equilibrium 0 2,000 4,000 6,000 8,000 10,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Actual National Income Desired Aggregate Expenditures
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