Consider the following AE function AE = 250+0.5Y+0.1(M/P) (1) Where AE is a desired aggregated expenditure, Y is a real

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Consider the following AE function AE = 250+0.5Y+0.1(M/P) (1) Where AE is a desired aggregated expenditure, Y is a real

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Consider The Following Ae Function Ae 250 0 5y 0 1 M P 1 Where Ae Is A Desired Aggregated Expenditure Y Is A Real 1
Consider The Following Ae Function Ae 250 0 5y 0 1 M P 1 Where Ae Is A Desired Aggregated Expenditure Y Is A Real 1 (21.21 KiB) Viewed 24 times
1. Plot the functions on the same plot
2. Plot the price against the national Income
Consider the following AE function AE = 250+0.5Y+0.1(M/P) (1) Where AE is a desired aggregated expenditure, Y is a real GDP, M is a private sectors nominal wealth and P is the price level.Suppose that M is constant with value of 6000 P M/P 1 2 3 4 30.00 5 6 AE 6000 AE250 +0.5Y
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