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For the following economy, find a numerical equation relating planned aggregate expenditure or demand (Z) to output (Y),
Posted: Wed Jul 06, 2022 6:22 pm
by answerhappygod
- For The Following Economy Find A Numerical Equation Relating Planned Aggregate Expenditure Or Demand Z To Output Y 1 (22.08 KiB) Viewed 28 times
For the following economy, find a numerical equation relating planned aggregate expenditure or demand (Z) to output (Y), the autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap? (Show it also using graphical analysis) C=3,000+ 0.6(Y-T) IP = 1,500 G=2,500 NX = 200 T = 2,000 Y* = 14,000