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ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption C: 100 + 0.8Y, Assume further that planned investment
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption C: 100 + 0.8Y, Assume further that planned investment lg, government spending 6, and net exports Xn are independent of the level of real GDP and constant at lg= 60, 6= 0, and Xn = 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: 10 Y: C+lg+G+Xnt points Skipped Instructions: Round your answers to the nearest whole number. a. Calculate the equilibrium level of income or real GDP for this economy. E $ eBook b. W1at happens to equilibrium Yif lg changes to 40? \"El Print $ What does this outcome reveal about the size of the multiplier? References Multiplier = %
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