h. Note that we have reset the Iplanned to 320. If autonomous consumer spending drops to $40 billion (so A goes from what you calculated in part c to $40 billion), what will be the new Y*? Fill in the table to find your answer. Iplanned AEplanned lunplanned GDP YD 320 300 300 320 600 600 320 900 900 320 1200 1200 320 1500 1500 320 1800 1800 320 2100 2100 320 2400 2400 320

h. Note that we have reset the Iplanned to 320. If autonomous consumer spending drops to $40 billion (so A goes from what you calculated in part c to $40 billion), what will be the new Y*? Fill in the table to find your answer. Iplanned AEplanned lunplanned GDP YD 320 300 300 320 600 600 320 900 900 320 1200 1200 320 1500 1500 320 1800 1800 320 2100 2100 320 2400 2400 320

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.1P

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