If Planned Aggregate Expenditure in an Economy Can Be Written

question 54

Multiple Choice

If planned aggregate expenditure in an economy can be written as: PAE = 1,000 + 0.5Y,what is the short-run equilibrium level of output in this economy?

• A) 1,000.
• B) 2,000.
• C) 9,000.
• D) 10,000.
• E) 10,900.

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and transmits neural signals between the brain and the body.

Growth Hormone

A peptide hormone that stimulates growth, cell reproduction, and regeneration in humans and other animals.

Metabolic Rate

The rate at which the body uses energy to maintain basic life functions such as breathing, circulation, and cell production.

Grooming Touch

a form of physical interaction used to clean, maintain, and strengthen social bonds, commonly observed in many animal species and humans.