Refer to the figure above If planned aggregate expenditure PAE in an economy

Refer to the figure above if planned aggregate

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87.Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 1,000 + .9Y and potential output (Y*) equals 9,000, then this economy has: A.an expansionary gap. B. a recessionary gap. C. no output gap. D. no autonomous expenditure. AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #87 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output

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88.Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 2,000 + .8Y and potential output (Y*) equals 11,000, then this economy has: AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #88 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output
89.Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 2,000 + .8Y and potential output (Y*) equals 9,000, then this economy has: AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #89 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output

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90.Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 5,000 + .75Y and potential output (Y*) equals 19,000, then this economy has: AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #90 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output
91.Refer to the figure above. For an economy starting from potential output, an increase in autonomous expenditure in the short run results in a(n): A.expansionary output gap. B. recessionary output gap. C. increase in potential output. D. decrease in potential output. AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 21 #91 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output

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