Question: You are given the following data C=150+0.9 Y I=120 X= 80 M = 0.1Y a. b. C. (Consumption) (Investment) (Export) (Import) What does 0.1

You are given the following data ( begin{array}{ll}C=150+0.9 mathrm{Y} & text { (Consumption) } mathrm{I}=120 & text

You are given the following data C=150+0.9 Y I=120 X= 80 M = 0.1Y a. b. C. (Consumption) (Investment) (Export) (Import) What does 0.1 in M =0.1Y show us? What is the equilibrium level of output? What will be the change in the equilibrium value of output if exports decline by 20?

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