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Suppose that the economy is characterized by the following behavioral equations: C = 1200 + 0.8 YD I = 480+0.2Y G = 800 T =

Suppose that the economy is characterized by the following behavioral equations:

C = 1200 + 0.8 YD

I = 480+0.2Y

G = 800

T = 100 + 0.15Y

Solve for

Compute total demand at equilibrium.

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