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24 000 Y= AE 20 000 16 000 12 000 Aggregate expenditures 8 000 4 000 O 4 000 8 000 12 000 16 000

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24 000 Y= AE 20 000 16 000 12 000 Aggregate expenditures 8 000 4 000 O 4 000 8 000 12 000 16 000 20 000 24 000 28 000 National income a. What is the value of equilibrium income? b. What is the value of the multiplier in Irkania? c. If investment were to increase by $4,000 draw the new AE curve labelled AE2 in the graph above. Plot only the endpoints of the curve and position those points on the edges of the graphing area. burnsia @northern.on.ca

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