Chapter 8: Aggregate Expenditure and Equilibrium Output - PowerPoint PPT Presentation


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Outline. Aggregate output and aggregate income (Y)Equilibrium Aggregate Output (income)The multiplier. I. Aggregate Output and Aggregate Income (Y). Aggregate output is the total quantity of goods and services produced (or supplied) in an economy in a given period.Aggregate income is the total income received by all factors of production in a given period..

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