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An economy is described by the following equations: C = 1600 + 0.8(Y - T) I = 1000 G = 1800 T = 3000 +
An economy is described by the following equations: C = 1600 + 0.8(Y - T) I = 1000 G = 1800 T = 3000 + 0.01 Y What is the equilibrium level of output in this economy? a) 7600.5 b) 7650.4 c) 8420.5 d) 9615.4
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
