Plot the functions on the same plot ↑ Add file Plot the price against the national Income 1 Add file Consider the follow
Posted: Fri Jul 01, 2022 7:56 am
Plot the functions on the same plot ↑ Add file Plot the price against the national Income 1 Add file Consider the following AE function PM/P AE 1 6000 AE-250+0.5Y 3 points 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 6 2 points