The Graph of the Aggregate Expenditure Curve Has ________ on the Y-Axis

question 99

Multiple Choice

The graph of the aggregate expenditure curve has ________ on the y-axis and ________ on the x-axis.

• A) real GDP; aggregate planned expenditure
• B) aggregate actual expenditure; real GDP
• C) household expenditures; real GDP
• D) aggregate planned expenditure; real GDP

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Definitions:

Expected Frequency

Expected frequency is a term in statistics indicating the number of times an outcome is anticipated to occur within a set of observations, based on probability.

Sampling Distribution

The distribution of probabilities for a statistic that is based on a random sample.

Chi-squared Distribution

A distribution that arises from the sum of the squares of a number of independent random variables.

Multinomial

Related to outcomes or processes that can fall into more than two categories in statistical experiments.