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Draw a clearly labeled aggregate expenditures graph that demonstrates the US economy at a full-employment level of real output at 27 trillion and autonomous consumption
Draw a clearly labeled aggregate expenditures graph that demonstrates the US economy at a full-employment level of real output at 27 trillion and autonomous consumption at 15 trillion. Demonstrate what will happen to the full-employment level of output when new investments in domestic microchip productions causes investment to increase by 2 trillion. Show the impact of the multiplier (you don't need to calculate it, just demonstrate it on your graph.)
1. Draw your own graph on a piece of paper
2. Clearly label all axes and lines.
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