4. Given this diagram; what is the equilibrium level of income? 5. Given this diagram; what is the level of "autonomous spending"? 6. Given this diagram, what is the simple income multiplier?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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4. Given this diagram; what is the equilibrium level of income?

5. Given this diagram; what is the level of "autonomous spending"?

6. Given this diagram, what is the simple income multiplier?

expenditures, income
140
120
100
80
60
40
20
0
-20
-40
0
20
40
60
income: Q
80
A
100
AE
C
G
S
120
Xn
Transcribed Image Text:expenditures, income 140 120 100 80 60 40 20 0 -20 -40 0 20 40 60 income: Q 80 A 100 AE C G S 120 Xn
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