2. From what was learned in class, explain what the values of the slope and vertical intercept of the aggregate consumption function mean from an economic perspective. Income-expenditure equilibrium Using the data in the following table to complete the following questions. GDP YD C Planned (billions of dollars) $0 $0 $200 $100 400 400 500 100 800 800 800 100 1,200 1,200 1,100 100 1,600 1,600 1,400 100 2,000 2,000 1,700 100 2,500 2,500 2,000 100 3.000 3.000 2.300 100 1. Complete the columns for AEPlanned and unplanned in the table. AE Planned Unplanned GDP YD C AE $0 $0 $200 $100 $300 $400 $400 $500 $100 $600 $800 $800 $800 $100 $900 $1,200 $1,200 $1,100 $100 $1,200 $1,600 $1,600 $1,400 $100 $1,500 $2,000 $2,000 $1,700 $100 $1,800 $2,500 $2,500 $2,000 $100 $2,100 $3,000 $3,000 $2,300 $100 $2,400
2. From what was learned in class, explain what the values of the slope and vertical intercept of the aggregate consumption function mean from an economic perspective. Income-expenditure equilibrium Using the data in the following table to complete the following questions. GDP YD C Planned (billions of dollars) $0 $0 $200 $100 400 400 500 100 800 800 800 100 1,200 1,200 1,100 100 1,600 1,600 1,400 100 2,000 2,000 1,700 100 2,500 2,500 2,000 100 3.000 3.000 2.300 100 1. Complete the columns for AEPlanned and unplanned in the table. AE Planned Unplanned GDP YD C AE $0 $0 $200 $100 $300 $400 $400 $500 $100 $600 $800 $800 $800 $100 $900 $1,200 $1,200 $1,100 $100 $1,200 $1,600 $1,600 $1,400 $100 $1,500 $2,000 $2,000 $1,700 $100 $1,800 $2,500 $2,500 $2,000 $100 $2,100 $3,000 $3,000 $2,300 $100 $2,400
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section: Chapter Questions
Problem 2DQ
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Please complete the data table and fill in the columns that are blank for AE planned and I unplanned the second photo has AE planned, but I unplanned is still blank. Please help with the last column. Not sure if AE planned is correct. Need help with these last two columns.
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