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Deduce the expression for aggregate expenditure curve and

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Reference no: EM13396710

Derive an expression for the aggregate expenditure curve and graph it on your exam sheet labeling this initial equilibrium output as point A. Also, add this point A to your consumption function. Show all work.

Draw an aggregate demand and an aggregate supply curve in the right hand graph on your exam sheet identifying this initial point as point A.

 

Reference no: EM13396710

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