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equilibrium output to S6 trillion. AS) that t. What is the price level at this new equilibrium? Chapter 12 Draw a graph to illustrate the desired aggregate expenditures of an economy whose participants have the following spending plans: 1. С $10+0.SY İ $20 G $30 X-M-$10 (a) What is the value of equilibrium output? (b) How much are consumers saving at equilibrium? (c) How much nonconsumer spending is being injected? (d) Assuming that the full-employment level of output is S300, what kind of gap exists and how large is it? Identify the gap on the graph. (e) How much are consumers saving at full employment? (O How much (nonconsumer) spending is being injected? 2. On the following graph illustrate the impact of a sudden decline in reduces autonomous consumption by $50 billion. Assme-mer confid 0.8 (a) What is the new equilibrium level of real output? (Dont (b) How large is the real GDP gap?
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1.0.9): 70 ng al equ o 0.2Y 6o (C) Non Consumeu spending, b GtMM is 300 . The inflatiran Lt (e) ConsuMen Saving 10 O.2 = 50$PAGE No DATE:0 belouD Multiplicit 드 - MPC Muliplien1 0-2 So billion The decease in total bú due to deccase n Autonom ou Consumbhon can be caleutotc a ghoubn bele -90 at eguitibYum canoe Calculated a>PAGE No DATE20 lhe ea and the terninal otpul leve CeM he e o Kece.sstonay aab can be calculatecd ai

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