The desired aggregate expenditure function of an economy is illustrated in the graph to the right. The desired aggregate expenditure function in this economy can be written as: AE = 750 + 0.6 XY (Round your response for the slope term to two decimal places and for the intercept term to the nearest whole number.) By looking at the graph, we can conclude that a decrease in desired autonomous government expenditures by $250 will result in in the equilibrium level of expenditures by $. (Round your response to the nearest dollar.)

The desired aggregate expenditure function of an economy is illustrated in the graph to the right. The desired aggregate expenditure function in this economy can be written as: AE = 750 + 0.6 XY (Round your response for the slope term to two decimal places and for the intercept term to the nearest whole number.) By looking at the graph, we can conclude that a decrease in desired autonomous government expenditures by $250 will result in in the equilibrium level of expenditures by $. (Round your response to the nearest dollar.)

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter9: The Keynesian Model In Action

Section: Chapter Questions

Problem 3SQP

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