Question: Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are : (C=120 + 0.9YD), (I =

Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are :

(C=120 + 0.9YD), (I = 300), (G=500), (t = 0.2), (X=180), (IM=0.12Y)

  1. Please calculate the total autonomous spending in this model
  2. Please compute the marginal propensity to spend

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