Consider the following long-run model of an economy. On the supply side, long-run aggregate supply, , is produced according to the technology where the technology parameter A= 300, capital units and labour units. On the demand side: Yd = C + I + G while the consumption function and the investment function are given respectively by ) and Government expenditures are given by , taxes are given by , and r is the real interest rate.
The amount of output supplied is ______________ units.
Question 1 options:
= 12000
= 8380
= 9000
= 7600