The Aggregate Expenditure (AE)function Is an Upward-Sloping Curve That Describes

question 22

Multiple Choice

The aggregate expenditure (AE) function is an upward-sloping curve that describes

• A)the amount spent on an economy's output at each national income.
• B)what firms and households would like to spend at each level of national income.
• C)what an economy would like to spend,in the absence of income constraints,at each level of output.
• D)what is actually spent on an economy's output at each level of output.
• E)what is actually spent at each level of national income.

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