Economics 1022A/B Study Guide - Quiz Guide: Consumption Function, Aggregate Demand, Aggregate Supply
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ECON 1022A/B Full Course Notes
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After completing chapter 11, i would expect you to be able to complete problems such as the following. These are questions related to this chapter that have actually appeared on my past midterms. Use the figure below to answer the following question. This figure describes the relationship between consumption expenditure and disposable income for a model economy: refer to figure 3. Use the figure below to answer the following questions. Note: the economy depicted does not engage in international trade and has no government. Planned aggregate expenditure (ae) is equal to the sum of consumption expenditure (c) and investment (i). Investment is: billion, billion, billion, increasing as real gdp increases, billion, refer to figure 4. Refer to the table below to answer the following question. M (trillions of (trillions of (trillions of (trillions of (trillions of (trillions of dollars) dollars) dollars) dollars) dollars) dollars) 0. 90: table 2 gives the aggregate expenditure schedule.