The Keynesian Cross
The Keynesian Cross
The Keynesian Cross
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<strong>The</strong> <strong>Keynesian</strong> <strong>Cross</strong> 23<br />
Aggregate<br />
Expenditure<br />
($ trillion)<br />
8<br />
7.7<br />
45º<br />
Figure 9<br />
7.7<br />
8<br />
Y = AE<br />
AE 1 = $2,000 billion <br />
(0.75 output)<br />
AE 2=<br />
$1,925 billion <br />
(0.75 output)<br />
Output<br />
($ trillion)