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Consider an open economy with a government. Aggregate Demand will be equal to AD - co ti ci (1-0) Y+I+G+X-Y a) Solve for Y
Consider an open economy with a government. Aggregate Demand will be equal to AD - co ti ci (1-0) Y+I+G+X-Y a) Solve for Y at the equilibrium and find the winterdent b) If ci is 0.5, -0.2 and m-0.2, what will be the result of an increase of 2 billion TL in exports? I
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To find the equilibrium level of output Y and the multiplier we need to set Aggregate Demand AD equa...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
