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The consumption schedule for a country with a private closed economy is shown on the graph below. The level of planned investment for this country
The consumption schedule for a country with a private closed economy is shown on the graph below. The level of planned investment for this country is $6 billion.
a. Draw the aggregate expenditures schedule for this economy and identify equilibrium GDP.
Instructions:Use the tool provided 'C + I' to draw the aggregate expenditures schedule for this economy. Then use the tool provided 'Equilibrium' to identify the new equilibrium GDP.
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