If in an economy: (a) Consumption function is given by C = 100+ 0.75 Y, and...

 

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If in an economy: (a) Consumption function is given by C = 100+ 0.75 Y, and (b) Autonomous Investment Is 150 crores. Estimate (I) Equilibrium level of Income and (ii) Consumption and Savings at the Equilibrium Level of Income. ((i) Rs. 1,000 crores; (ii) Consumption = Rs. 850 crores, Savings= Rs. 150 crass) If in an economy: (a) Consumption function is given by C = 100+ 0.75 Y, and (b) Autonomous Investment Is 150 crores. Estimate (I) Equilibrium level of Income and (ii) Consumption and Savings at the Equilibrium Level of Income. ((i) Rs. 1,000 crores; (ii) Consumption = Rs. 850 crores, Savings= Rs. 150 crass)

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I Consumption Function is C 100 075 Y where Y in the income in the economy ... View the full answer