CUCep UJUH 0. Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100+ 0.80 (Y-T) G=$ 600 T= $ 600 I= $300 X = $ 150 The economy is in equilibrium at a level of real GDP or income of $ 3,350 (Round your answer to the nearest dollar:) Now suppose that the government decides to increase government spending by $125 What is the new equilibrium level of GDP or income? $ (Round your answer to the nearest dollar) Enter your answer in the answer box and then click Check Answer Clear All Check Answer All parts showing
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