Refer to the information provided in Figure 24.5 below to answer ...

[@Brianna17]

Question 1

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.










Refer to Figure 24.5. If the economy is in equilibrium and the government increases spending by $100 billion, equilibrium aggregate expenditures increase to $________ billion.

◦ 1,700
◦ 1,800
◦ 2,000
◦ 2,400

Question 2

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.










Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to $________ billion.

◦ 1,400
◦ 1,200
◦ 1,000
◦ 800

[kishoreddi]

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[@Brianna17]

Excellent

[tkempin]

Thanks for the timely response, appreciate it