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ECS2602 ASSIGNMENT 03 SOLUTIONS, 2021 (YEAR MODULE)
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QUESTION 1 a) Multiplier Formula Multiplier = 1 (1−0.8) = 5 b) = 100 + 50 + 40 - 0.8(20) = 174 c) equilibrium ie AE = Y DI = Y – T; AE = C + I + G + (X - M) C = a + b(Y – T) C = consumption spending, DI = disposable income, I = investment expenditure, G = government spending, T = t...
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