Multiple Choice
In the Keynesian-cross analysis, if the consumption function is given by C = 100 + 0.6(Y - T) , and planned investment is 100, G is 100, and T is 100, then equilibrium Y is:
A) 350.
B) 400.
C) 600.
D) 750.
Correct Answer:
Verified
Correct Answer:
Verified
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