Question: Using the Aggregate Output formula of Y = (a + I) x 1/(1-mpc) where mpc, the marginal propensity to consume is equal to .5, and
Using the Aggregate Output formula of Y = (a + I) x 1/(1-mpc) where "mpc," the marginal propensity to consume is equal to .5, and "a, the autonomous consumer expenditure is qual to 200, and I, the general investment amount is equal to 500, then what is the amount on "Y," the Aggregate Output?
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2000
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1600
1400
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