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| Teaching Since: | Apr 2017 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
An economy is described by‘ll'le following equations: 0 =2.5oo+o.a(v—n—1o,ooor
;P = moo—10,000: G =1.aoo NX =0 1' =3.100 The real interest rate. expressed as a decimal. is 0.10 [that is, 10 percent).
3. Find a numerical equation relating planned aggregate expenditure to output.
Instruction: Enter your response for mpc rounded to one decimal place. PAE = + Y.
b. Using a table (or algebra if you have used the appendixto this chapter), solve for short-run equilibrium output. Instructions: If you are enlering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank. You must enter 'zero' for [he answer to grade correctly. Planned aggregale
mum L...
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——— Sh ort—run equilibrium output
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