The following equations refer to the goods market of an economy in billions of euros: [ begin{aligned}
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The following equations refer to the goods market of an economy in billions of euros:
\[
\begin{aligned}
C & =480+0.5 Y_{D} \\
I & =110 \\
T & =70 \\
G & =250
\end{aligned}
\]
a. Solve for the goods market equilibrium.
b. Find equilibrium disposable income \(\left(Y_{D}\right)\).
c. Find equilibrium consumption (C).
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Solving the Goods Market Equilibrium a Goods Market Equilibrium In the goods market equilibrium occu...View the full answer
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