Question
a) If C=100 + .8y and I=50, what is the quilibrium level of income? b) If C= 500 + .9Y and I = 400 What
a) If C=100 + .8y and I=50, what is the quilibrium level of income?
b) If C= 500 + .9Y and I = 400 What is equilbrium Y?
c) Calculate the MPC & MPS
d) Express the consumption function
e) Insert the following column savings aggregrate and expenditure and inventory change
f) Whate is the equilbrium level of y.
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
