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Consider the economy of Rhea represented by the following information: Marginal Propensity to Consume: 0.70 Net Tax Rate 0.15 Consumption 1,900 Investment 1 ,650 Government

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Consider the economy of Rhea represented by the following information: Marginal Propensity to Consume: 0.70 Net Tax Rate 0.15 Consumption 1,900 Investment 1 ,650 Government Expenditure 1,900 Exports 1,250 Marginal Propensity to Import 0.25 Marginal rate of depreciation 0.08 Price Level 161 The central bank of Rhea increases the interest rate causing |AC|=62 Compute the updated equilibrium level of national income after this shock: Round your unit/e55 answer to two decimal places Answer: 5,409.60 R (10,134.35)

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