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If Planned Aggregate Expenditure in an Economy Can Be Written

Question 54

Multiple Choice

If planned aggregate expenditure in an economy can be written as: PAE = 1,000 + 0.5Y,what is the short-run equilibrium level of output in this economy?


A) 1,000.
B) 2,000.
C) 9,000.
D) 10,000.
E) 10,900.

Correct Answer:

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