38. In an economy autonomous spending is $20 trillion and the slope of the AE curve is...

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38. In an economy autonomous spending is $20 trillion and the slope of the AE curve is 0.6.

a. What is the equation of the AE curve?

b. Calculate equilibrium expenditure.

c. Calculate the multiplier if the price level is unchanged.

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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Question Posted: Nov 06, 2024 07:00 AM

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38. In an economy autonomous spending is $20 trillion and the slope of the AE curve is 0.6. a. What is the equation of the AE curve? b. Calculate equilibrium expenditure. c. Calculate the multiplier...
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38. In an economy autonomous spending is $20 trillion and the slope of the AE curve is...

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Parkin Macroeconomics

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