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10 You are given the following information about the Canadian economy. Autonomous consumption expenditure is $50 billion, investment is $200 billion. and government expenditure is
10 You are given the following information about the Canadian economy. Autonomous consumption expenditure is $50 billion, investment is $200 billion. and government expenditure is $253 billion. The marginal propensity;r to consume is EL? and net taxes are $250 billion. Net taxes are assumed to be constant and not vary with income. Exports are $500 billion and imports are $450 billion. a) What is the consumption function in billions of dollars? b) What is the equation of the AE curve in billions of dollars? c) What is the equilibrium expenditure
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