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book Macroeconomics 13th Edition by William Baumol ,Alan Blinder cover

Macroeconomics 13th Edition by William Baumol ,Alan Blinder

Edition 13ISBN: 978-1305280601
book Macroeconomics 13th Edition by William Baumol ,Alan Blinder cover

Macroeconomics 13th Edition by William Baumol ,Alan Blinder

Edition 13ISBN: 978-1305280601
Exercise 8
Find the equilibrium level of GDP demanded in an economy in which investment is always $300, net exports are always -$50, the government budget is balanced with purchases and taxes both equal to $400, and the consumption function is described by the following algebraic equation:
C = 150 + 0.75 DI
( Hint: Do not forget that DI = Y - T. )
Explanation
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In an economy, investment
blured image is $300, ne...

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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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