Question
Consider a simple macro model with a constant price level and demanddetermined output. The equations of the model are: C = 120 + 0.86Y, I
Consider a simple macro model with a constant price level and demanddetermined output. The equations of
the model are: C = 120 + 0.86Y, I = 300, G = 520, T = 0, X = 180, IM = 0.12Y. Equilibrium national income is
________.
A) 2 037.48 B) 3 615.24 C) 4 000.00 D) 4 307.70 E) 8 000.00
how we slove this
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
