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Question
Which is the simplified equilibrium equation?
Options
\[Y=\overline{A}+cY\]
\[Y=\overline{A}-cY\]
\[AD=\overline{A}+T\]
\[Y_d=\overline{A}+cY\]
MCQ
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Solution
The simplified equilibrium equation is \[Y=\overline{A}+cY\]. Here, \[\overline{A}\] represents Total Autonomous Expenditure.
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