Multiple Choice
SA=−20 + 0.4Y
Ig = 25 − 3i
(Advanced analysis) The equations refer to a private closed economy, where S is saving, Ig is gross
Investment, i is the real interest rate, and Y is GDP. In equilibrium, the level of saving will be
A) $10.
B) $15.
C) $20.
D) $30.
Correct Answer:
Verified
Correct Answer:
Verified
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