Given C = 100 + 0.8Y, M = 150 + 0.20Y, I = 100, and X =

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Given C = 100 + 0.8Y, M = 150 + 0.20Y, I = 100, and X = 350:
(a) Determine YE algebraically.
(b) Show the determination of YE graphically as in the top panel of Figure 17.3.
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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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