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Answer to Question #145591 in Macroeconomics for NDHLOVU
Question #145591
Calculate the equilibrium level of output
Expert's answer
In calculating the equilibrium level of output;
"E=C+I+G+NX" (Aggregate demand "=" Consumption "+" Investment"+" Government purchases"+" Net exports) "[E=Y*]" [In Equilibrium,total spending"=" total Income or total output]
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