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kindly show steps with formulas Consider a small economy with autonomous consumption of $700 billion, a marginal propensity to consume (MPC) of 0.5, planned investment

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Consider a small economy with autonomous consumption of $700 billion, a marginal propensity to consume (MPC) of 0.5, planned investment of $150 billion, government spending of $100 billion, and net exports of $50 billion. v 4th attempt Part 1 (3 points) 0 See Hint Determine aggregate expenditures (AE) in this economy when real GDP (Y) is equal to $1,500 billion, $2,000 billion, and $2,500 billion. When Y = $1,500 billion, AE = billion . When Y = $2,000 billion, AE = billion . When Y = $2,500 billion, AE = billion

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