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1 Suppose that you have an AEF at a price level of p = $100 given by: AEF=1,400+ 0.80Y Suppose also that for every $1
1 Suppose that you have an AEF at a price level of p = $100 given by: AEF=1,400+ 0.80Y Suppose also that for every $1 increase in the price level, desired consumtion decreases by $30. If the price level in the economy decreases by $22, then the new AEF will be given by: AEF=X+0.80Y In the above new AEF, what is X? Note: round your answers to two decimal places. Also, for example, submit an answer of $14,678 as 14678.00. Question 2 Search 8 2 pts 2 pts ENG
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