Suppose that a = 600, b = 0.75, T = 400, I p = 600, G =

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Suppose that a = 600, b = 0.75, T = 400, I^p = 600, G = 700, and NX = 200. Calculate the equilibrium level of real GDP. Then check that the equilibrium value equals the sum C + I^p + G + NX.

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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Question Posted: Jun 09, 2018 08:26 AM

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Suppose that a = 600, b = 0.75, T = 400, I p = 600, G =

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Y a b T I P G NX 1 b 600 075 400 600 700 200 1 075 720...View the full answer

Macroeconomics Principles and Applications

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