For each of the following sets of data, determine if output will need to increase, decrease, or
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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:
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a. Y = 1,000; C = 150+ 0.5(YT); I = 100; G = 200; T = 180 b. Y = 1,250; C = 200+ 0.7 (YT); I = 80; G = 250; T = 240 c. Y = 1,500; C = 400+ 0.8 (YT); I = 250; G = 200; T = 150 d. Y = 1,500; C = 300+ 0.75 (YT); I= 200; G = 200; T = 150
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Related Book For
Principles Of Economics
ISBN: 9781292294698
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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