If investment crashes to $0.55 million but nothing else changes, what is equilibrium expenditure and what is
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The table shows real GDP, Y, the components of planned expenditure, and aggregate planned expenditure (in millions of dollars) in an economy in which taxes are constant.
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Planned expenditure AE 2.0 1.75 1.0 1.25 6.0 1.75 1.0 1.25 0.4 6.8 4.4 1.0 1.25 0.8 7.6 1.25 5.6 1.75 1.2 8.4 1.0 6.8 1.75 1.6 9.2 1.75 1.25 10 8.0 1.0 10.0 12 9.2 1.75 1.0 1.25 2.4
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Equilibrium expenditure becomes 8 million because whe...View the full answer
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