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