ECO 102: Introduction to Macroeconomics Problem Set #3 Lectures 5 & 6 Due Date: 28 February, 10pm Total Points: 30 NOTE: All problem sets must be hand-written (not typed) to receive full credit. Typed answers will receive a zero. Round all answers that are decimals to two decimal places. I Problem 1: Aggregate Expenditure Function (AEF) to Aggregate Demand (AD) [10 Points] Suppose that the economy is at the price level of p = 200. At p = 200, the functions for C, I, G, and NX are given by: C = 800 + 0.8Y 1 = 250 G = 350 NX = 200 - 0.05Y