Question: Use the following information to answer the questionbelow. C = 1000 + .8(Y-T) I = 800 G = 1800 T = 1000 The equilibrium level
Use the following information to answer the questionbelow.
C = 1000 + .8(Y-T)
I = 800
G = 1800
T = 1000
The equilibrium level of GDP for the above economy equals:
a.10000
b.14000
c.16000
d.20000
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