PAE 6000 5900 Expenditure Line PAE 500+ 9Y 5500 5450 5000 500 45 5000 5500 6000 Y Refer to the figure above. Based on the Keynesian cross diagram, short-run equilibrium output equals: Select one: O a. 5450 b. 5900 O C. 5500 O d. 5000

PAE 6000 5900 Expenditure Line PAE 500+ 9Y 5500 5450 5000 500 45 5000 5500 6000 Y Refer to the figure above. Based on the Keynesian cross diagram, short-run equilibrium output equals: Select one: O a. 5450 b. 5900 O C. 5500 O d. 5000

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter22: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 15P

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Question

PAE
Expenditure
Line
PAE=500+ 9Y
6000
5900
5500
5450
5000
500
45
5000 5500 6000
Y
Refer to the figure above. Based on the Keynesian cross diagram, short-run equilibrium output equals:
Select one:
Oa. 5450
b. 5900
C. 5500
d. 5000

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