Macroeconomics 11th Edition by Michael Parkin

تمرين 22

Real GDP with a Fixed Price Level
Use the following spreadsheet, which lists real GDP (Y) and the components of aggregate planned expenditure in billions of dollars, to work Problem.

a. What is aggregate planned expenditure when real GDP is $200 billion?
b. If real GDP is $200 billion, explain the process that moves the economy toward equilibrium expenditure.
c. If real GDP is $500 billion, explain the process that moves the economy toward equilibrium expenditure.