An economy is described by the following equations: (L02) C = 1,800 + 0.6(Y - T) P
Question:
C = 1,800 + 0.6(Y - T)
P = 900 G = 1,500 NX = 100 T = 1,500 Y* = 9,000
a. Find a numerical equation linking planned aggregate expenditure to output.
b. Find autonomous expenditure and induced expenditure in this economy
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Working with planned aggregate expenditure and its components a Be...View the full answer
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