According to the aggregate expenditure model, when autonomous expenditure increases, equilibrium aggregate expenditure ____.

Labor Market Category May 2026 June 2026 Population 950,000 950,000 Working-Age Population 780,000 810,000 Employed 490,000 475,000 Unemployed 30,000 40,000 The unemployment rate in June 2026 is ____. Round your answer to the nearest one-tenth of one percent.

Year Quantity of Buffalo Wings Quantity of Pizza Slices Price of a Buffalo Wing Price of a Pizza Slice 2023 (base) 450 wings 300 slices $1.25 $2.00 2024 480 wings 320 slices $1.25 $2.25 2025 520 wings 360 slices $1.40 $2.50 Refer to the table above. Suppose that buffalo wings and pizza slices are the only two final goods produced in this economy. The Real GDP Growth Rate in 2025 is _____.

Category Value Consumption Expenditure $110 billion Investment $20 billion Corporate Profits $15 billion Aggregate Expenditure $160 billion Compensation to Workers $70 billion Government Expenditure $15 billion Based on the information provided above, the economy represented is a net _____, because the value of exports is ____ than the value of imports.

If the economy is above full​ employment, there is​ ____ gap. As the economy adjusts toward full employment, the price level​ ____.

Which of the following statements best describes the new goods bias? 

Refer to the graph above. The economy is at an equilibrium with real GDP of​ $20 trillion and a price level of 110. As the economy moves toward its ultimate​ equilibrium, the​ ____ curve shifts​ ____, because​ ____.

There are no taxes or imports. The marginal propensity to save is 0.4. An $120 billion increase in autonomous spending leads equilibrium real GDP and aggregate expenditure to increase by ____.

Which of the following statements best describes the quality improvement bias? 

During 2025, real GDP grew at 2.7% per year. The population grew at 1.2% per year. If these growth rates were sustained, real GDP would double in approximately ____ years.