Find a numerical equation relating planned aggregate expenditure to output and to the real interest rate. [i.e. write down the P
1 answer:
Answer:
The answer is below
Explanation:
Aggregate expenditure is the current value of finished products in an economy, it is gotten by summing all expenditures spent over a period of time in an economy. It is given by the formula:
PAE =
Where PAE is the planned aggregated demand, C is the household consumption, X is the difference between exports and imports, I is the investments while G is government expenditures
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