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Assume: The current levels of intended spending are: C = $200B + 0.85Yd X = $250B Yf= $2.8T 1 = $150B M = 0.1Yd
Assume: The current levels of intended spending are: C = $200B + 0.85Yd X = $250B Yf= $2.8T 1 = $150B M = 0.1Yd TR = 20% G = $300B Prices are constant Under this scenario, find the initial level of Desired Aggregate Expenditures. 1. DAE = $925B + 0.64Y 2. DAE = $900B + 0.60Y 3. DAE = $800B+ 0.60Y 4. DAE = $800B + 0.56Y
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
