Suppose macro variables are given as follows. C = 50 + 0.8 Yd, where Yd = Y

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Suppose macro variables are given as follows.

C = 50 + 0.8 Yd, where Yd = Y – T I = 100 G = 50 T = 50 Find (

a) equilibrium level of national income;

(

b) government expenditure multiplier;

(

c) Δ Y resulting from Δ G = 25, all other things 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 macro variables are given as follows. C = 50 + 0.8 Yd, where Yd = Y

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Managerial Economics

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