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7.1 Make use of the following information to answer the questions which follow: C = 150 + 0.8Yd tax = 30% (0.3) | = 50
7.1 Make use of the following information to answer the questions which follow: C = 150 + 0.8Yd tax = 30% (0.3) | = 50 G = 80 NX = 20 identify/determine the values of each of the following: 7.1.1 autonomous consumption. (1 ) 7.1.2 marginal propensity to consume. (1 ) 7.1.3 the multiplier (also provide and expression for the multiplier). (2) 7.1.4 autonomous expenditure. (1 ) 7.1.5 Calculate the equilibrium income level in this Keynesian expenditure model. (2)
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