For each of the following sets of data, determine if output will need to increase, decrease, or
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For each of the following sets of data, determine if output will need to increase, decrease, or remain the same to move the economy to equilibrium:
a. Y = 1,000; C = 150 + 0.5(Y - T); I = 100; G = 200; T = 180
b. Y = 1,250; C = 200 + 0.7(Y - T); I = 80; G = 250; T = 240
c. Y = 1,500; C = 400 + 0.8(Y - T) ; I = 250; G = 200; T = 150
d. Y = 1,500; C = 300 + 0.75(Y - T); I = 200; G = 200; T =150
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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