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Fact 11.5.1 An economy has a consumption function of C = 10 + 0.8 Y , in...
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Fact 11.5.1An economy has a consumption function of C = 10 + 0.8Y, investment equal to 6, government expenditure equal to 10, exports equal to 10, and an import function of M = 0.1Y.Refer to Fact 11.5.1. What is consumption expenditure in this economy when it is at equilibrium expenditure?
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