Figure 13-6 -Refer to Figure 13-6. Let Y = Real GDP, AE

question 181

Multiple Choice

Figure 13-6
-Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment, G = Government Purchases. Further, I_P and G are autonomous. What is the level of autonomous aggregate expenditures?

• A) $800 billion
• B) $1,000 billion
• C) $1,600 billion
• D) $3,200 billion

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Definitions:

Erectile Tissue

Specialized tissue that can become erect when filled with blood, found in the penis, clitoris, and nipples.

Homologous

Relating to or derived from a similar origin, especially referring to structures that have the same evolutionary background but may serve different functions.

Cul-de-sac

A blind alley or dead-end street, but in anatomy, it refers to a sac- or pouch-like cavity or space that is closed at one end.

Puncture

The act of making a small hole in something, often for medical reasons such as to draw blood or administer medication.