Figure 13-5 -Refer to Figure 13-5. Let Y = Real GDP, AE

question 98

Multiple Choice

Figure 13-5
-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment. Consider a simple economy where AE = C + I_P, and I_P is autonomous. What is the value of autonomous AE?

• A) $2,000 billion
• B) $3,000 billion
• C) $4,500 billion
• D) $8,000 billion

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