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National After-tax Income income Consumption I+G+X Minus Aggregate Imports Expenditures 100 104 200 300 400 500 600
Added by Adam P.
Step 1
In this model, the equilibrium level of national income (Y) is determined where aggregate expenditures (AE) equal national income. Aggregate expenditures consist of consumption (C), investment (I), government spending (G), and net exports (X - M), where X is Show more…
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