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Consider the following economy: C=100+0.8(Y-T) Ip=200 G=200 T=50+0.2Y M=0.14Y X=50 Calculate the value of the budget balance at the equilibrium level of output to the
Consider the following economy: C=100+0.8(Y-T) Ip=200 G=200 T=50+0.2Y M=0.14Y X=50 Calculate the value of the budget balance at the equilibrium level of output to the nearest whole number. a. Budget surplus of 314 b. Budget deficit of 54 c. None of the other answers are correct d. Budget surplus of 54 e. Budget deficit of 314
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
