-Suppose the price level is fixed. If investment increases by $1 billion and the aggregate expenditure curve is shown in the figure above, in response equilibrium expenditure increases by ________.
Definitions:
Coefficient Of Determination
A statistical measure represented by R² that assesses the extent of variance for a dependent variable that's predictable from the independent variable(s).
Total SS
Total sum of squares in statistics, representing the total variation in the dataset, which can be partitioned into explained and unexplained components.
SSE
Sum of Squared Errors, a measure used in statistical analysis to quantify the variation or deviation of observed values from the values predicted by a model.
Observations
Individual data points or measurements collected during a study or experiment.
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