For each of the following sets of data, determine if output will need to increase, decrease, or
Question:
For each of the following sets of data, determine if output will need to increase, decrease, or remain the same to move the economy to equilibrium:
a. Y = 1,000; C = 100 + 0.75(Y- T); I = 200; G = 150; T = 100
b. Y = 5,000; C = 200 + 0.9(Y - T); I = 500; G = 400; T = 300
c. Y = 2,000; C = 150 + 0.5(Y - T); I = 150; G = 150; T = 50
d. Y = 1,600; C = 300 + 0.6(Y - T); I = 250; G = 150; T = 100
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a AE C I G C 100 075 1000 100 775 I 200 G 150 So AE 775 200 150 1125 Y 1000 which ...View the full answer
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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