Question
a simplified economy model is specified as Y=C+1+G+(X-M)where C=150+0.8(Y-T),I=1200,G=300,T=tO+t1Y,tO=300,t1=0.1,x=80,m=10.Solve for the equilibrium level of output when there is an income tax t=0.1
a simplified economy model is specified as Y=C+1+G+(X-M)where C=150+0.8(Y-T),I=1200,G=300,T=tO+t1Y,tO=300,t1=0.1,x=80,m=10.Solve for the equilibrium level of output when there is an income tax t=0.1
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
