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Assume a very simple economy without government spending, taxes, exports, or imports. Autonomous consumption expenditure (AC) is 1000. The marginal propensity to consume is 0.6

Assume a very simple economy without government spending, taxes, exports, or imports. Autonomous consumption expenditure (AC) is 1000. The marginal propensity to consume is 0.6 and desired investment is 100. What is the level of equilibrium national income, consumption and saving?Show your work.

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