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Consider the following macroeconomic model regarding AE and GDP. Find the equilibrium GDP level. C = 3,000 + 0.85Y I = 1,000 G = 800
Consider the following macroeconomic model regarding AE and GDP. Find the equilibrium GDP level. C = 3,000 + 0.85Y I = 1,000 G = 800 NX = - 450 Y = C + I + G + NX Equilibrium GDP = _______________
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
