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Consider the macroeconomic model shown below: C = 250 + 0.80Y Consumption function I = 2,000 Planned investment function G = 1,250 Government spending function
Consider the macroeconomic model shown below:
C = 250 + 0.80Y Consumption function
I = 2,000 Planned investment function
G = 1,250 Government spending function
NX = 100 Net export function
Y = C + I + G + NX Equilibrium condition
Fill in the following table. (Enter your responses as integers.)
GDP = $14,400 | AGGREGATE EXPENDITURE (AE) = ? | UNPLANNED CHANGE IN INVENTORIES = ?
GDP = $21,600 | AGGREGATE EXPENDITURE (AE) = ? | UNPLANNED CHANGE IN INVENTORIES = ?
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