Use the following information for questions: Autonomous Con…
Use the following information for questions: Autonomous Consumption (C) = $4 trillion financial frictions(f)=1 Autonomous Investment (I) = $1.8 trillion mpc=0.80 Autonomous Government Spending (G) = $2.5 trillion d=0.40 Taxes = $2 trillion x=0.15 Autonomous Net Exports (NX) = $-0.5 trillion Find the simplified expression for the IS curve using your answers from the previous three questions.