the decline in real GDP in this diagram is greater than the decline in the aggregate expenditures schedule. What term is used for the ratio ofa decline in 1 Below is an aggregate expenditures model for a private closed economy that shows a decrease in the aggregate expenditures schedule. Explain why real GDP to the initial drop in aggregate expenditures? 10 points skipped E E E D E E w C eBook g g 490 - In D B an Print a E 450 a: a x u.I References 9 N CD in L m m