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Questions: 1, 2, 3 from page 192 1. From the following data, construct an expenditure schedule on a piece of graph paper. Then use the

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Questions: 1, 2, 3 from page 192 1. From the following data, construct an expenditure schedule on a piece of graph paper. Then use the income-expenditure (45-degree line) diagram to determine the equilibrium level of GDP. Consumption Investment Government Purchases Net Exports Income 3,600 3220 T2e0 12007305 5 3,700 3,310 3,800 3,400 3,900 3,490 Now suppose investment spending rises to 260, and the price level is fixed. By how much will equilibrium GDP increase? Derive the answer both numerically and graphically

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