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If Planned Aggregate Expenditure (PAE )In an Economy Equals 3,000

question 88

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If planned aggregate expenditure (PAE ) in an economy equals 3,000 + 0.75Y and potential output (Y*) equals 12,000, then this economy has:


Definitions:

Translation

The process of converting text or speech from one language to another.

Tautology

A redundant or repetitive statement in which the conclusion is equivalent to the premise.

Logic of Statements

Concerns the principles and criteria for evaluating the validity and coherence of declarative sentences that assert something.

Conjunction

A grammatically correct construction used to assert that two statements are both true.

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