Question #145591
Calculate the equilibrium level of output
1
Expert's answer
2020-11-23T06:00:32-0500

In calculating the equilibrium level of output;

E=C+I+G+NXE=C+I+G+NX (Aggregate demand == Consumption ++ Investment++ Government purchases++ Net exports) [E=Y∗][E=Y*] [In Equilibrium,total spending== total Income or total output]


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