Question
Consider and economy described as follows: Y=C+I+G Y=8,000 G=2,500 T=2,000 C=1,000+2/3(Y-T) I=1,200-100r a. Calculate private saving, public saving, and national saving b. Find the equilibrium
Consider and economy described as follows:
Y=C+I+G
Y=8,000
G=2,500
T=2,000
C=1,000+2/3(Y-T)
I=1,200-100r
a. Calculate private saving, public saving, and national saving
b. Find the equilibrium interest rate
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
