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 (16.79 KiB) Viewed 32 times

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 2 (3.37 KiB) Viewed 32 times

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 3 (4.88 KiB) Viewed 32 times

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 4 (4.96 KiB) Viewed 32 times

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 5 (5.48 KiB) Viewed 32 times

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 1 2 3456 6 M/P AE 6000 AE = 250+ 0.5Y

Fill the table *

Plot the functions on the same plot *

Plot the price against the national Income *

Compute the level of national Income at each price *