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Question 4 25 pts The graph of the aggregate expenditure curve for an economy is shown below. E A. Calculate the equilibrium aggregate real income
Question 4 25 pts The graph of the aggregate expenditure curve for an economy is shown below. E A. Calculate the equilibrium aggregate real income and multiplier effect in the economy. B. Suppose the autonomous consumption spending decreases 50 unitsr while other variables remain constant. Determine the new aggregate expenditure curve and graph it. C. Calculate the new equilibrium real income and multiplier effect in the economy. Label the new equilibrium real income on the graph. D. In no more than three sentences, explain how the aggregate real income, real output, or aggregate expenditure changes to the new equilibrium aggregate real income. Upload Choose a File
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