Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![And plug
label until the enc
the same terms). Note that adding a negative number is the same as subtracting a pc
nts
$182.5 $104.6 +I + $48.8 – $5.2
Now group together the constants on the right-hand side:
$182.5 = $104.6 + $48.8 – $5.2 +|
еВook
$182.5 = $148.2 +1
Print
And get the unknown variable I on one side by itself by subtracting $148.2 from both si
$182.5 - $148.2 = 1
References
And simplify to solve for I:
| = $34.3 billion
An equation for Aggregate Expenditure is:
AE = $3600 – 0.8Y,
In equilibrium, Income 'Y' = Aggregate Expenditure 'AE! Solve for Y.
Y = $
........:
Mc
Graw
Hill
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2$
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1
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W
R
Y](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F442287da-756f-4d84-b735-745f4739725e%2F29f516a7-80bc-40d5-ac3d-7a5b388f7c16%2Ftdseoe2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:And plug
label until the enc
the same terms). Note that adding a negative number is the same as subtracting a pc
nts
$182.5 $104.6 +I + $48.8 – $5.2
Now group together the constants on the right-hand side:
$182.5 = $104.6 + $48.8 – $5.2 +|
еВook
$182.5 = $148.2 +1
Print
And get the unknown variable I on one side by itself by subtracting $148.2 from both si
$182.5 - $148.2 = 1
References
And simplify to solve for I:
| = $34.3 billion
An equation for Aggregate Expenditure is:
AE = $3600 – 0.8Y,
In equilibrium, Income 'Y' = Aggregate Expenditure 'AE! Solve for Y.
Y = $
........:
Mc
Graw
Hill
< Prev
3
of 5
Score ans
MacBook Air
F1
F2
F3
F4
F5
F6
F7
#3
2$
&
1
2
3
4
Q
W
R
Y
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