Imagine an economy with the consumption function C = $100 + 0.90Y. Now consider four scenarios of
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Imagine an economy with the consumption function C = $100 + 0.90Y. Now consider four scenarios of intended investment: (1) I i = $100, (2) I i = $150, (3) I i = 250, and (4) I i = 350. Calculate the equilibrium levels of national income under these four scenarios.
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