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The Following Information Is Consumption and Investment Data for a Private

Question 74

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.In equilibrium,the level of consumption spending will be:


A) 170
B) 270
C) 160
D) 195

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