Multiple Choice
(Advanced analysis) Answer the question on the basis of the following consumption and investment data for a private closed economy.Figures are in billions of dollars. C = 60 + .6Y
I = I0 = 30
Refer to the data.The equilibrium level of income (Y) is:
A) 360.
B) 225.
C) 200.
D) 135.
Correct Answer:
Verified
Correct Answer:
Verified
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