Question
Consider a simple macro model with a constant price-level and demand-determined output. The equations of the model are: C = 2325 + 0.90Y D I
Consider a simple macro model with a constant price-level and demand-determined output. The equations of the model are:
- C = 2325 + 0.90YD
- I = 1025
- G = 1225
- T = 0.10Y
- X = 1100
- IM = 0.10Y
In equilibrium, household savings is:
(Nearest dollar.)
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
