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29. Given consumption function is C = 20+ 0.5Yd where Yd is disposable income, tax, T = 10 , domestic investment, I = 20, government
29. Given consumption function is C = 20+ 0.5Yd where Yd is disposable income, tax, T = 10 , domestic investment, I = 20, government spending, G = 10 and net export, X - M = -20 What is the equilibrium national income? A. 70 B. 80 C. 50 D. 60
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
