Question: Macroeconomics Suppose a closed economy has an aggregate consumption function given by C = 300 + 0.50Yd and generates $2000 output and income in equilibrium.Suppose

Macroeconomics

Suppose a closed economy has an aggregate consumption function given by C = 300 + 0.50Yd and generates $2000 output and income in equilibrium.Suppose also that the government collectsa lump-sum tax of 250.

How much will the private sector be saving total in equilibrium?

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