-If AE₀ is the Aggregate Planned Expenditure Curve, Then Equilibrium

question 11

Multiple Choice

-If AE₀ is the aggregate planned expenditure curve, then equilibrium real GDP in the figure above is

• A) $4 trillion.
• B) $2 trillion.
• C) $8 trillion.
• D) None of the above answers is correct.

---

Definitions:

Immediate Predecessors

Activities or tasks that must be completed directly before a subsequent activity or task can begin, in a project or process sequence.

Critical Path

The longest sequence of tasks in a project, which determines the shortest possible duration to complete the project.

Slack

The amount of time a task in a project can be delayed without causing a delay to subsequent tasks or the project finish date.

Activity Duration

The total time taken from the start to the completion of an activity or task within a project.