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Consider the following model of the Economy: C =200+ .75(Yd); Yd = Y - T + TR; TR = 100, T = 200; G =
Consider the following model of the Economy: C =200+ .75(Yd); Yd = Y - T + TR; TR = 100, T = 200; G = 100; I = 200. What is the government budget? Select one: a. deficit of 100 b. surplus of 100 c. Deficit of 200 d. Surplus of 200 e. the government budget is balanced
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