Find autonomous and induced expenditure in economy, Microeconomics

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Find autonomous and induced expenditure in economy

An economy is described by the following equations:

C=1,800 + 0.6 (Y-T)
IP=900
G=1,500
NX=100
T=1,500 Y*=9,000

a. Find a numerical equation linking planned aggregate expenditure to output.
b. Find the autonomous expenditure and induced expenditure in this economy.
d. Show algebraically the short-run equilibrium output for this economy.
e. What is the output gap for this economy?
f. Find algebraically the multiplier for this economy?

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Microeconomics: Find autonomous and induced expenditure in economy

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Microeconomics: Find autonomous and induced expenditure in economy

Reference No:- TGS047921

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Methodological and measurement problems by time-series data

Q : Calculate the amount of the note payable at december 31

Q : Indicate quantity of gdp that is produced during the period

Q : Calculate the balance in the income taxes payable account

Q : Find autonomous and induced expenditure in economy

Q : Determine the amounts that marshall company would report

Q : Compute her net pay for the eight days'' work paid

Q : Level of the real interest rate if people are risk averse

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find autonomous and induced expenditure in economy

Reference No:- TGS047921

Recent Questions Asked Microeconomics

Q : Methodological and measurement problems by time-series data

Q : Calculate the amount of the note payable at december 31

Q : Indicate quantity of gdp that is produced during the period

Q : Calculate the balance in the income taxes payable account

Q : Find autonomous and induced expenditure in economy

Q : Determine the amounts that marshall company would report

Q : Compute her net pay for the eight days'' work paid

Q : Level of the real interest rate if people are risk averse

Q : Calculate the value range of labor during phases

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