Question:

If AE = 1200 + 0.95Y, what is the equilibrium level of real income?

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A) $3000

B) $3600

C) $15000

D) $24000

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  1. D) $24000


  2. D) $24000

    Y=1200 + 0.95Y

    0.05Y=1200

    Y=1200/0.05=24000

  3. 235.00842%
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