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At equilibrium, AE=Y 440+0.6Y=Y (1-0.6)Y=440 Y=440/0.40 = 1100 Income=$1,100 where is the (1-0.6) derived from? whats its function?
At equilibrium,
AE=Y
440+0.6Y=Y
(1-0.6)Y=440
Y=440/0.40 = 1100
Income=$1,100
where is the (1-0.6) derived from? whats its function?
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Essentials Of Business Law
Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
0324537123, 9780324537123
