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[Related to the Solved Problem in this section] Consider the following information on an economy (all values are in trillions
End of Chapter 1.5 Question Help The graph to the right shows the goods market in equilibrium at point Y Use the graph to sho
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Answer #1

Answer to the first question.

a) At equikbrium, =C+Ht G+ NX -2 o.6Yt 2+21-0.5 7 48 +0.6 (1-T) 4,8 + 0.6 0-47-4 8 4.8 C.4 12 Equihbrium RGDP is $12 thillion

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