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Consider the macroeconomic model shown below: C = 750 + 0.50Y Consumption function I = 1,250 Planned investment function G = 2,000 Government spending function

Consider the macroeconomic model shown below:

C =

750

+

0.50Y

Consumption function

I = 1,250

Planned investment function

G = 2,000

Government spending function

NX = 500

Net export function

Y = C + I + G + NX

Equilibrium condition

Part 2Fill in the following table. (Enter your responses as integers.)

GDP

Aggregate

Expenditures (AE)

Unplanned Change

in Inventories

$4,500

______$

________

$13,500

________$

________

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