Question
Assume that in a two-sector model of the economy aggregate consumption is C= 150+0.85Y and planned investment is $125 billion. If aggregate income is $500
Assume that in a two-sector model of the economy aggregate consumption is C= 150+0.85Y and planned investment is $125 billion. If aggregate income is $500 billion, what is planned aggregate expenditure?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
