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Determine equation for aggregate planned expenditure in

C=2000+0.5(Y-T)

I=1500

G=2500

NX=200

T=2000

a) Determine equation for aggregate planned expenditure in this economy.

b) Determine level of autonomous expenditure in this economy.

c) Determine the multiplier in this economy.

d) determine the short run equilibrium output in this economy.

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Determine equation for aggregate planned expenditure in

Reference No:- TGS0665986

Have a Question? (oR Write a Review)

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Solution Preview :

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Reference No:- TGS0665986

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