What is the equilibrium level of real GDP? Use the following equations C $100+.8Y 1 = $200

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What is the equilibrium level of real GDP?

Use the following equations

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 02:01 AM

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What is the equilibrium level of real GDP? Use the following equations C $100+.8Y 1 = $200

Question:

C $100+.8Y 1 = $200 G= $250 X $100 2Y

Step by Step Answer:

The equilibrium level of GDP Y is achieved at the p...View the full answer

Economics

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