Suppose that a = 600, b = 0.75, T = 400, I p = 600, G =
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Suppose that a = 600, b = 0.75, T = 400, Ip = 600, G = 700, and NX = 200. Calculate the equilibrium level of real GDP. Then check that the equilibrium value equals the sum C + Ip + G + NX.
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Y a b T I P G NX 1 b 600 075 400 600 700 200 1 075 720...View the full answer
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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