Instructions: Use the tool provided "AE" to show the complete aggregate expenditures schedule that includes the values for I, G, andNX. Then use the tool "New Equilibrium" to indicate the new equilibrium level of real GDP.ⓇAggregate Expenditures (dollars)28,00027,00026,00025,00024,00023,00022,00021,000Aggregate Expenditures Schedule20,00020,00021,00022,00023,00025,00024,00026,000AE = YDisposable Income (dollars)C27,00028,000Tools/AE--iNew Equilibrit The graph below shows the consumption schedule for Zamunda. Research has yielded the following information about Zamunda: Atthe current interest rate, gross investment (1) is $500, government purchases (G) are $800, exports are $400, and imports are $200.Instructions: In part a, enter your answer as a whole number. In part c, round your answers to one decimal place.a. By supplementing the consumption schedule in the graph below to include the expenditures for gross investment (1), governmentpurchases (G), and net exports (NX) stated above, what is the new value of the vertical intercept?b. In the graph below, create an aggregate expenditures schedule by including the expenditures for gross investment (I), governmentpurchases (G), and net exports (NX), and indicate the new equilibrium level of real GDP for the complete aggregate expendituresschedule.

Aggregate expenditure refers to the total amount of spending by households, businesses, government…

Instructions: Use the tool provided "AE" to show the complete aggregate expenditures schedule that includes the values for I, G, and NX. Then use the tool "New Equilibrium" to indicate the new equilibrium level of real GDP. Aggregate Expenditures (dollars) 28,000 27,000 26,000 25,000 24,000 23,000 22,000 21,000 Aggregate Expenditures Schedule 20,000 20,000 21,000 22,000 23,000 25,000 24,000 26,000 AE = Y Disposable Income (dollars) €7,000 C 28,000 Tools AE C New Equilibrit

Instructions: Use the tool provided "AE" to show the complete aggregate expenditures schedule that includes the values for I, G, and NX. Then use the tool "New Equilibrium" to indicate the new equilibrium level of real GDP. Aggregate Expenditures (dollars) 28,000 27,000 26,000 25,000 24,000 23,000 22,000 21,000 Aggregate Expenditures Schedule 20,000 20,000 21,000 22,000 23,000 25,000 24,000 26,000 AE = Y Disposable Income (dollars) €7,000 C 28,000 Tools AE C New Equilibrit

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 1TY

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