Suppose ( i) C = 50 + 0.75 Y ( ii) I = 50 ( iii)
Question:
Suppose
( i) C = 50 + 0.75 Y
( ii) I = 50 ( iii) Δ I = 10
(
a) derive saving function
(
b) work out the multiplier and (
c) find Δ Y.
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