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3Chp20-Econ3310 - Expenditure Multiplier ISLM Model Y AD =...

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Aggregate Output Expenditure Multiplier ISLM Model Demand for Goods and Services Total demand for an economy’s output is the sum of four types of spending: 1. C : Consumer expenditure of goods and services 2. I : Planned investment expenditure by firms on capital goods, by households on new homes
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