Find the equilibrium level of GDP demanded in an economy in which investment is always $300, net

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Find the equilibrium level of GDP demanded in an economy in which investment is always $300, net exports are always 2$50, the government budget is balanced with purchases and taxes both equal to $400, and the consumption function is described by the following algebraic equation:

C = 150 + 0.75DI


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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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