Question
In an economy, autonomous spending is $20 trillion and the slope of the AE curve is 0.8. The equation of the AE curve is a)
In an economy, autonomous spending is $20 trillion and the slope of the AE curve is 0.8. The equation of the AE curve is
a) AE= 20+ 0.8Y
b) AE= 0.8Y-20
c) AE= 20-0.8Y
d) AE= 20- 0.8Y
E) 0.2Y-20
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
