Question
Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are : (C=120 + 0.9YD), (I =
Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are :
(C=120 + 0.9YD), (I = 300), (G=500), (t = 0.2), (X=180), (IM=0.12Y)
- Please calculate the total autonomous spending in this model
- Please compute the marginal propensity to spend
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Global Business Today
Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
