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Figure 11.2.1 In Figure 11.2.1, which shows expenditure in an economy...

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Short Description: A line graph of aggregate expenditure versus real G D P. Long Description: The vertical axis is labelled, aggregate expenditure (billions of 20 12 dollars) and ranges from 0 to 375. The horizontal axis is labelled, real G D P (billions of 20 12 dollars) and ranges from 0 to 375. The 45 degree line slopes upward from the origin passing through the points (100, 100) and (375, 375). The line for C slopes upward from the point (0, 10) on the vertical axis intersecting the 45 degree line at (100, 100) and passing through the point (375, 347). The line for A E slopes upward from the point (0, 150) on the vertical axis intersecting the 45 degree line at the point (375, 375).

Figure 11.2.1

In Figure 11.2.1, which shows expenditure in an economy that has no taxes at all. At equilibrium expenditure, what is induced expenditure?
0%
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