Question: can i please get the whole solution for that 1. Consider an economy with the following characteristics: Autonomous part of consumption expenditure = $15 billion
1. Consider an economy with the following characteristics: Autonomous part of consumption expenditure = $15 billion Investment = $5 billion Government expenditures of goods and services = $50 billion Exports = $5 billion Slope of the AE function = 0.5 There are no autonomous imports. a. What is the equation of the AE function? b. Draw a graph containing the AE curve for this economy as well as a 45 line. c. What is equilibrium expenditure/real GDP
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