What factors will shift the aggregate expenditure function for a given level of real domestic income?
96) In 2009, the U.S. Congress approved a fiscal stimulus measure which included additional spending by the U.S. government sector. Using the Keynesian cross diagram, graphically illustrate and explain the impact of such a policy on aggregate expenditure and income.
97) During the recession of 2007 - 2009, consumer confidence was on the decline. Using the Keynesian cross diagram, graphically illustrate and explain the impact on aggregate expenditure and income.
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