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Equilibrium in the market-place means that quantity supplied 'Qs' equals quantity demanded 'Qd'.
Given the following equations:
Qs = 1,050
and
Qd = 2000 - 2.5P
Solve for the equilibrium price 'P':
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Government purchases and taxes are Php 600 and Php 400, respectively in millions. Investment equals Php 500 million. The autonomous part of consumption is Php 800 million. With marginal propensity to save at 0.20, what is equilibrium output
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