3. An economy is described by the following equations: (LO2) C = 1,800 + 0.6(Y T)...

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3. An economy is described by the following equations: (LO2) C = 1,800 + 0.6(Y − T) I p = 900 G = 1,500 NX = 100 T = 1,500 Y* = 9,000 a. Find a numerical equation linking planned aggregate expenditure to output. b. Find autonomous expenditure and induced expenditure in this economy.

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