-In the Above Figure, AE₀ Is the Aggregate Planned Expenditure

question 163

Multiple Choice

-In the above figure, AE₀ is the aggregate planned expenditure curve and then investment increases by an additional $3 trillion. As a result, the new equilibrium GDP will be

• A) $3 trillion.
• B) $6 trillion.
• C) $12 trillion.
• D) None of the above answers is correct.

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Definitions:

Freshwater Supply

A source of water that is naturally occurring and has a low concentration of dissolved salts, typically used for drinking, agriculture, and sanitation.

Irrigation

The artificial application of water to land or soil to assist in the growing of crops and maintaining landscapes when natural rainfall is insufficient.

Drinking Water

Water that is safe for human consumption, free from contaminants and pathogens.

Alien Species

Nonnative species that migrate or are introduced by humans into a new ecosystem; also called exotic species.