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Suppose you are given the following information for an economy without government spending, imports or exports. C is a desired consumption, I is desired investment,

Suppose you are given the following information for an economy without government spending, imports or exports. C is a desired consumption, I is desired investment, and Y is income. C and I are given by: C = 1500 + 0.8Y , I - 500 What is the equation for the Aggregated Expenditure (AE) ? 2 points WhatsApp Image.. X Applying the equilibrium condition that Y = AE determine the level of 2 points equilibrium national income WhatsApp Image.. X

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