The Statistics Canada report says that an increase in consumption expenditure was the main reason why real GDP increased. How do we know that most of the increase in consumption expenditure was...


The Statistics Canada report says that an


increase in consumption expenditure was the


main reason why real GDP increased. How


do we know that most of the increase in consumption expenditure was autonomous?


 c. Using the assumptions made in Fig. 2 on


p. 667 , what is the slope of the AE curve and


what is the value of the autonomous expenditure multiplier?


 Mathematical Note



May 26, 2022
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