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If S = -60 + 0

Question 77

Multiple Choice

If S = -60 + 0.25Y and I = I0 = 60, where S is saving, I0 is planned investment, and Y is gross domestic product (GDP) , then he equilibrium GDP in a private sector closed economy will be:


A) $200.
B) $320.
C) $360.
D) $480.

Correct Answer:

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