Write the equation for the aggregate demand curve

Reference no: EM131131323

An economy is described by the following equations:

a. Write the equation for the aggregate demand curve.

b. Suppose that P = 15. What are the short-run equilibrium values of output, the real interest rate, consumption, and investment?

c. What are the long-run equilibrium values of output, the real interest rate, consumption, investment, and the price level?

Reference no: EM131131323

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