Figure 8.4 TE 45 TE: =C1+I+G3+(X-IM): TE2 =C2+I+G+(X-IM): TE: =C+I+G+(X-IM): Y1 Y3 Which of the following statements can best be graphed with a shift in the total expenditure function represented in...

Extracted text: Figure 8.4 TE 45 TE: =C1+I+G3+(X-IM): TE2 =C2+I+G+(X-IM): TE: =C+I+G+(X-IM): Y1 Y3 Which of the following statements can best be graphed with a shift in the total expenditure function represented in Figure 8.4? O In the late 1930s, while the economy was in a depressed state, the Roosevelt administration cut expenditures. O In the early 1990s, while the economy was going through a recession, the Bush senior administration pursued policies which further reduced consumer spending. O Around the time the economy was reaching full employment in the mid-1960s, the Johnson administration increased government expenditures on the ocial safety net. O In March of 2000 the stock market crashed, bringing about lower and lower stock prices that made people invested in the stock market spend less.