ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Refer to the information provided in Figure 34.1 below to answer the question(s) that follow.
AE=C+I+G
Aggregate expenditures
100
25
20
00
175.
180
450
200.
Output
Figure 34.1
Refer to Figure 34.1. If the economy is closed and the government increases spending by 15, the new equilibrium output is
O150.
3-D
AE=C+I+G+EX - IM
100
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Transcribed Image Text:Refer to the information provided in Figure 34.1 below to answer the question(s) that follow. AE=C+I+G Aggregate expenditures 100 25 20 00 175. 180 450 200. Output Figure 34.1 Refer to Figure 34.1. If the economy is closed and the government increases spending by 15, the new equilibrium output is O150. 3-D AE=C+I+G+EX - IM 100
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