Question
C = 100 + 0.9Yd , I = 50, T = 0.2Y , X=100, M=0.22Y and G = 250. a. Calculate the equilibrium level of
C = 100 + 0.9Yd , I = 50, T = 0.2Y , X=100, M=0.22Y and G = 250.
a. Calculate the equilibrium level of output, net exports, and total consumption.
b. State whether the economy has a budget surplus/deficit in equilibrium
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
