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Homework answers / question archive / On the aggregate expenditure diagram, induced expenditure is and autonomous expenditure is a

On the aggregate expenditure diagram, induced expenditure is and autonomous expenditure is a

Economics

On the aggregate expenditure diagram, induced expenditure is and autonomous expenditure is a. Upward sloping; downward sloping. b. Downward sloping; upward sloping. c. The intercept; the slope. d. The slope; the intercept.
The aggregate expenditure curve... a. Slopes down. b. Has a slope between 0 and 1. c. Is the mirror image of aggregate demand. d. Is a 45-degree line.
Potential output is... a. The maximum sustainable level of real GDP if inputs were unlimited. b. The maximum sustainable level of real GDP for a given level of inputs. c. The equilibrium level of real GDP in the short run. d. Never achievable, much like we as individuals can never reach our potential.

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