Question
An economy is described by the following equations: C = 1300 + 0.75(Y T) IP = 500 G = 1200 X = 110 M =
An economy is described by the following equations: C = 1300 + 0.75(Y T) IP = 500 G = 1200 X = 110 M = 10 T = 1500 Y* = 12 000 You are required to:
1. Find a numerical equation linking planned aggregate expenditure to output.
2. Find exogenous expenditure and induced expenditure in this economy.
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
