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SA=−20 + 0.4Y

Question 105

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 consumption will be


A) $80.
B) $95.
C) $65.
D) $70.

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