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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, set up the AE model and solve forY0

.

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