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Consider a Keynesian model of the economy with the following equations: C = 300 + 0.7Yd TR bar = 500 T bar = 250 I
Consider a Keynesian model of the economy with the following equations: C = 300 + 0.7Yd TR bar = 500 T bar = 250 I bar = 300 G bar = 400 X bar = 150 M = 0.2Y The equilibrium level of income is 2,720 2,650 1,325 1,500 give answer with proper solution
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