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denise estrada
on Nov 11, 2024

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The aggregate expenditure line is drawn on a graph that measures:

A) real GDP on the horizontal axis and aggregate expenditure on the vertical axis.
B) aggregate expenditure on the horizontal axis and real GDP on the vertical axis.
C) consumption on the horizontal axis and aggregate expenditure on the vertical axis.
D) aggregate expenditure on the horizontal axis and consumption on the vertical axis.
E) investment on the horizontal axis and aggregate expenditure on the vertical axis.

Aggregate Expenditure Line

A graphical representation in macroeconomics that shows the total spending on goods and services in an economy at various levels of income.

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific time period in real terms.

  • Learn the association between real Gross Domestic Product, overall expenditure, and targeted investment.
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KG
Kamron GonzalezNov 18, 2024
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