Math Problem Statement

draw for me a graphical illustration as below AE=170+0.75Y Y=AE IS THE EQUILIBRIUM CONDITION On the graph, AE schedule has an intercept of 170 on the AE axis and a slope of 0.75 on the x-axis. The equilibrium point "A" is where the AE schedule intersects the Y=AE line representing equilibrium output at 470 units

Solution

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Math Problem Analysis

Mathematical Concepts

Economics
Linear Graphs
Keynesian Equilibrium

Formulas

AE = 170 + 0.75Y
Y = AE

Theorems

Keynesian Equilibrium Model

Suitable Grade Level

Grades 10-12 (High School Economics/Math)