Aggregate Expenditure Model:
AEo = 532.
c = 0.8
Determine Y.
1
Expert's answer
2016-05-01T05:10:05-0400
Aggregate Expenditure Model: AEo = 532, c = 0.8. In equilibrium aggregate expenditure equals to total GDP, so in this case Y = AE. AE = AEo + c*AE, so: Y = 532 + 0.8*Y, 0.2Y = 532, Y = 2660.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment