Suppose a two-sector model is given as follows: Consumption : C = 100 + 0.8 Y Investment

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Suppose a two-sector model is given as follows:

Consumption : C = 100 + 0.8 Y Investment

: I = 50 Find (

a) Equilibrium level of income (

b) Consumption at equilibrium income,

(

c) Δ Y if Δ I = 20, all other things being given.

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:02 AM

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Suppose a two-sector model is given as follows: Consumption : C = 100 + 0.8 Y Investment

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Managerial Economics

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