3. An economy is described by the following equations: C = 1500 + 0.75(Y T) IP...
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3. An economy is described by the following equations: C = 1500 + 0.75(Y − T) IP = 800 G = 1500 X = 100 M = 0 T = 1500 t = 0 Y* = 12 000 a)Find a numerical equation linking planned aggregate expenditure to output. b)Find exogenous expenditure and induced expenditure in this economy. LO 7.4 HARD
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