Chapter 20 Output and aggregate demand Use the graphing tool below to answer the following questions. The answers can be downloaded at the bottom of the page. - Using an income and expenditure diagram show the equilibrium level of income for an economy with households, firms and government.
- For this same economy show what happens to output when there is an increase in autonomous investment.
- For this same economy show what happens when there is an increase in the savings rate.
Click here for full instructions on how to use the graphing tool
Graphing tool instructions
(71.0K)
Download the answers (the zipped folder contains a Word and PDF version):
Chapter 20 Graphical Question
(19.0K)
|