You are given the following data C=150+0.9 Y I=120 X= 80 M = 0.1Y a. b....
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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? 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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a 01 in M01Y implies that imports are dependent on the level of out... View the full answer
Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
Posted Date:
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