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Exchange Rate ' . DD Point A EU N '8 '

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Exchange Rate ' \\ \\ . \\ \\ DD \\ \\ \\ Point A EU """""""""""" N """""""""" '8 '\\ \\ \\ \\ \\ \\ \\ \\ AA \\ \\ b Real GNP Ya In the graphic above, Aggregate Expenditures at Point A are than Yo. Once the asset markets clear, Aggregate Expenditures are than Yo. I: greater than; less than {2" less than; greater than {1: could be greater than or less than; greater than :1: less than; less than f2: could be greater than or less than; less than {.1 greater than; greater than

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