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

question 155

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Figure 13-5 Figure 13-5   -Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I<sub>P</sub> = Planned Investment. Consider a simple economy where AE = C + I<sub>P</sub>, and I<sub>P</sub> 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
-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption,
IP = Planned Investment. Consider a simple economy where AE = C + IP, and IP is autonomous. What is the value of autonomous AE?


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