1.8. If the consumption function is C 100+ 0.75Y, 1= 200, and government spending is 200, what...
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1.8. If the consumption function is C 100+ 0.75Y, 1= 200, and government spending is 200, what will be the equilibrium level of output? Demonstrate your answer with a Keynesian cross diagram. What happens to aggregate output if government spending rises by 100?
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The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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