6. Suppose we hav following economy: • C=140+0.75Y ● Planned investment = 230 • G=280 T = 160 • TR (transfers) = 20 • NX=80 a. Find the planned aggregate expenditure function. b. What is the equilibrium output of this economy? c. If the economy's current output is 1,900, how much is the planned aggregate expenditure?
6. Suppose we hav following economy: • C=140+0.75Y ● Planned investment = 230 • G=280 T = 160 • TR (transfers) = 20 • NX=80 a. Find the planned aggregate expenditure function. b. What is the equilibrium output of this economy? c. If the economy's current output is 1,900, how much is the planned aggregate expenditure?
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
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