Aggregate supply and aggregate demand

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Reference no: EM13801602

Put aggregate supply (AS) and aggregate demand (AD) together to get to equilibrium output (GDP) and price level (CPI)

Calculate and graph what happens to government (G), AD, GDP, and Prices if the government increases government spending by 100 billion and the MPC = .80.

AD = C(Y-T)+I(r)+G+NX

Reference no: EM13801602

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