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AE Model: Private Closed Economy
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
AE Model: Private Closed Economy
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15. Deriving the Aggregate Expenditures Model / AE Model: Private Closed Economy / Problem 6
Problem 6
Given the consumption function C = 60 + 0.9Y and investment of 20, what is the equilibrium GDP?
A
GDP = 700
B
GDP = 600
C
GDP = 900
D
GDP = 800
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