Question: Consider the following AE function AE - 250 + 0.5Y + 0.1(M/P) (1) Where AE is a desired aggregated expenditure, Y is a real GDP,

Consider the following AE function AE - 250 + 0.5Y + 0.1(M/P) (1) Where AE is a desired aggregated expenditure, Y is a real GDP, M is a private sectors nominal wealth and P is the price level. Suppose that M is constant with value of 6000 P M/P AE 6000 AE = 250 + 0.5Y Fill the table * 2 point 1 Add File The plot of national income and and * 1 poi price represents Aggregated supply True

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