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7. Consider an economy with the following behavioral equations for the goods market. C = 20 + 0.5 Yd T= 10 I =40 G =65

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7. Consider an economy with the following behavioral equations for the goods market. C = 20 + 0.5 Yd T= 10 I =40 G =65 What is the equilibrium level of income (Y) and savings (S)? a) Y =245; S = 97.5 b) Y = 240; S = 105 c) Y = 240; S = 95 d) Y = 230; S = 95

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