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Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869 Exercise 8
Suppose that the economy is characterized by the following behavioral equations:
C = 160 + 0.6 Y D
I = 150
G = 150
T = 100
Solve for the following variables.
a. Equilibrium GDP (Y)
b. Disposable income (YD)
c. Consumption spending (C)
C = 160 + 0.6 Y D
I = 150
G = 150
T = 100
Solve for the following variables.
a. Equilibrium GDP (Y)
b. Disposable income (YD)
c. Consumption spending (C)
Explanation
Verified
Verified
(a) To solve for equilibrium output we n...
Macroeconomics 5th Edition by Olivier Blanchard
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