Question
Consider an economy described by the following equation: Y=C+I+G Y=6000 G=500 T=1000 C=500+0,75(Y-T) I=1000-60r a. In this economy, compute private saving, public saving, and national
Consider an economy described by the following equation:
Y=C+I+G
Y=6000
G=500
T=1000
C=500+0,75(Y-T)
I=1000-60r
a. In this economy, compute private saving, public saving, and national saving
b. Find the equilibrium interest rate
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How China Escaped Shock Therapy The Market Reform Debate
Authors: Isabella M Weber
1st Edition
0429953968, 9780429953965
