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Exhibit: Aggregate Expenditures and Real GDP 1
-(Exhibit: Aggregate Expenditures and Real GDP 1) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = Planned Investment. Suppose AE = C + IP, and IP is autonomous. If the level of real GDP equals $5,000 billion, and if there are no changes in the consumption function or in planned investment, then we can expect that, in the next period, real GDP will
Stimulus
A change in the environment that influences or causes a response in an organism.
Minimum Intensity
The lowest level of stimulus intensity that is necessary to produce a perceptible sensation or response in the observer.
Backward Messages
A message recorded backward onto a track that is meant to be played forwards; often associated with subliminal or hidden messages in audio recordings.
Rock Records
Hard, solid materials of the earth's surface, containing a record of the planet's geological history.
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