Question
Consider an economy in which autonomous taxes are 1,750; autonomous consumption is 1,400; planned investment is 1,800; government expenditure is 2,050 and the marginal propensity
Consider an economy in which autonomous taxes are 1,750; autonomous consumption is 1,400; planned investment is 1,800; government expenditure is 2,050 and the marginal propensity to consume is 0.6
What is the level of unintended inventory investment when the level of income equals 12,000?
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Inflation, Unemployment And Capital Malformations
Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini
1st Edition
0429767064, 9780429767067
