Question: Y = C + I + G C = 1 2 0 + 0 . 8 ( Y - T ) I = 5 0
where is GDP is consumption, I is investment, is government purchases, is taxes, and is the interest rate. If the economy were at full employment that is at the natural rate of output GDP would be $
Identify the equations each of the following statements describes. Check all that apply.
tableStatementCI,GTIt is an autonomous amount, independent of other factors.,,,It is a function of disposable income.,,,,It depends on the interest rate.,,,,
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