Refer to Table 1. At an output level of $1,200 billion, there is a tendency for output Group of answer choicesto either increase or decrease.to remain constant.to increase.to fall. Output Consumption(Income) Spending4004008007001,2001,0001,6001,3002.0001,600All Numbers are in $ BillionNetTaxes100100100100100Investment GovernmentSpendingSpending200100200100200100200100200100

Aggregate demand is the sum of Consumption spending , investment , government spending. So, AD = C…

Answered: Refer to Table 1. At an output level of…

Refer to Table 1. At an output level of $1,200 billion, there is a tendency for output Group of answer choices to either increase or decrease. to remain constant. to increase. to fall.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQP

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Question

Refer to Table 1. At an output level of $1,200 billion, there is a tendency for output

Group of answer choices

to either increase or decrease.

to remain constant.

to increase.

to fall.

Output Consumption
(Income) Spending
400
400
800
700
1,200
1,000
1,600
1,300
2.000
1,600
All Numbers are in $ Billion
Net
Taxes
100
100
100
100
100
Investment Government
Spending
Spending
200
100
200
100
200
100
200
100
200
100

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