Question
Suppose that the economy is characterized by the following behavioral equations: C = 150 +0.75YD 1 = 200 G = 200 T = 150
Suppose that the economy is characterized by the following behavioral equations: C = 150 +0.75YD 1 = 200 G = 200 T = 150 Then, What is equilibrium GDP (Y)? What is the amount of consumption spending (C)? 1. 1350 II. 310 Assume that G is now equal to 250. What is the amount of III. 1300 consumption spending (C)? IV. 1500 Assume that G is now equal to 250. What is the amount of v. 320 private saving? VI. 300 VII. 330 VIII. 1250 IX. 1400 X. 1600 XI. 1950 XII. 1850 XIII. 1750
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
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