Essay
Assume the following behavioral equations for a macroeconomy:
C = 100 + .9Yd , I = 50, T = 100 and G = 40
Calculate the equilibrium level of output.
Correct Answer:
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In equilibrium AE = Y . Since AE = C + I...View Answer
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Correct Answer:
Verified
In equilibrium AE = Y . Since AE = C + I...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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