4. Given that for a private, closed economy C = 80 + 0.6Y and I = 120,...

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4. Given that for a private, closed economy C = 80 + 0.6Y and I = 120, what is the algebraic expression for AE, and what is the value of expenditures equilibrium?

National Aggregate Income Consumption Saving Investment Expenditures 0 100 -100 200 200 280 -80 200 400 460 -60 200

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 02:00 AM

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4. Given that for a private, closed economy C = 80 + 0.6Y and I = 120,...

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Principles Of Macroeconomics

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