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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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16. Deriving the Aggregate Expenditures Model / AE Model: Private Closed Economy / Problem 5
Problem 5
If the consumption function is C = 80 + 0.7Y and investment is 40, what is the total aggregate expenditure when GDP is 200?
A
\$300
B
\$280
C
\$240
D
\$260
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