You are given the following relationships for a closed economy. Consumption function c=6000+0.75y. Planned investmet I=11000. Government spending G=20000. Net taxes T= 16000. Question determine the total expenditure function
You are given the following relationships for a closed economy. Consumption function c=6000+0.75y. Planned investmet I=11000. Government spending G=20000. Net taxes T= 16000. Question determine the total expenditure function
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