Question
Consider a simple macro model with a constant price level anddemand-determined output. The equations of the modelare: C =150+0.72 Y , I =400, G =700,
Consider a simple macro model with a constant price level anddemand-determined output. The equations of the modelare: C=150+0.72Y, I=400, G=700, T=0, X=120, IM=0.10Y. The marginal propensity to spend on nationalincome, z, is________.
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
