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Consider a simple model like the one developed in this chapter. The Y ($) C ($) 1 ($) AE ($) following equations show the levels
Consider a simple model like the one developed in this chapter. The Y ($) C ($) 1 ($) AE ($) following equations show the levels of desired consumption and 0 investment. 600 C = 200 + 0.5Y 1 = 400 1,200 1,800 where C is the desired consumption, I is the desired investment, and Y is income. 2,400 a. Complete the table to the right. (Round your responses to the nearest 3,000 dollar.)
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