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Consider the following information describing a closed economy with no government and where aggregate output is demand determined: 1. the equilibrium condition is Y =
Consider the following information describing a closed economy with no government and where aggregate output is demand determined: 1. the equilibrium condition is Y = C +| 2. the marginal propensity to save = 0.30 3. the autonomous part of C is $67. 4. investment is autonomous and is $35. At the equilibrium level of national income, desired consumption expenditure will be (3 $67. $169. $305. $340
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