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Consider a closed economyI model where Y = C + I + G. consumption is given by the function G : 100 + 0.9[Y T}.
Consider a closed economyI model where Y = C + I + G. consumption is given by the function G : 100 + 0.9[Y T}. investment is I : 100. government purchases are G : 70. and the government's budget is balanced. Which of the following is false? 0 Equilibrium disposable income is EDDIE). C) Equilibrium GDP is 203M. (0) Autonomous spending is 210. O The multiplier is 10. In the Solow model with technological progress, suppose that the rate of depreciation is 10% per year, the population growth rate is 2% per year, and the growth rate of technology is 3% per year. Which of the following equals the annual growth rate of "effective labor" in the steady state in this economy? 02% 03% @596 o 10%
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