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The Following Information Is Consumption and Investment Data for a Private

Question 19

Multiple Choice

The following information is consumption and investment data for a private closed economy.Figures are in billions of dollars.
C = 60 + .6Y
I = I0 = 30
-Refer to the above data.The equilibrium level of income (Y ) is:


A) 360
B) 225
C) 200
D) 135

Correct Answer:

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