Suppose economic functions of an economy are given as follows. C = 100 + 0.8 Y I

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Suppose economic functions of an economy are given as follows.

C = 100 + 0.8 Y I = 150 – 6 i G = 100 T = 0.25 Y M d = 0.2 Y – 2 i M s = 300 X = 100 M = 20 + 0.1 Y Find ( i) The equilibrium level of income and interest rate in closed economy case,

( ii) The equilibrium level of income and interest rate in open economy case.

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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 economic functions of an economy are given as follows. C = 100 + 0.8 Y I = 150 6 i G = 100 T = 0.25 Y M d = 0.2 Y 2 i M s = 300 X = 100 M = 20 + 0.1 Y Find ( i) The equilibrium level of...
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Suppose economic functions of an economy are given as follows. C = 100 + 0.8 Y I

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Managerial Economics

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