Please post your questions and we can address them next Wednesday.
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When the components of aggregate expenditures are not constant, how does this effect the GDP equilibrium/ how does this change the Keynesian Cross graph?
Why is the slope of planned expenditures less than 1? Does a smaller slope allude to an inelastic relationship between aggregate income and expenditures?
When the components of aggregate expenditures are not constant, how does this effect the GDP equilibrium/ how does this change the Keynesian Cross graph?
Posted by: Savannah Corey | 04/14/2020 at 06:43 PM
Why is the slope of planned expenditures less than 1? Does a smaller slope allude to an inelastic relationship between aggregate income and expenditures?
Posted by: Kit Lombard | 04/15/2020 at 12:59 PM