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Economics

Q. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.

Q. 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 out a numerical equation linking planned aggregate expenditure to output.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9222221

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