Question: For the macroeconomic model in problem 12A.2, write the aggregate expenditure function. For GDP of $16,000, what is the value of aggregate expenditure, and what
For the macroeconomic model in problem 12A.2, write the aggregate expenditure function. For GDP of $16,000, what is the value of aggregate expenditure, and what is the value of the unintended change in inventories? For GDP of $12,000, what is the value of aggregate expenditure, and what is the value of the unintended change in inventories?
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