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Aggregate Expenditure Model: Data for the economy is given below. Use the AE model to answer the following questions. a = 6,000Yf=75,000 b = .75
Aggregate Expenditure Model:Data for the economy is given below. Use the AE model to answer the following questions.
a = 6,000Yf=75,000
b = .75
T=14,000
Ip=10,000
G = 12,000
Using the data from above, solve for the consumption level at the initial equilbrium.
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