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Consider the following model of the Economy: C =500+ .8(Yd); Yd = Y - T + TR; TR = 200, T = 400; G =
Consider the following model of the Economy: C =500+ .8(Yd); Yd = Y - T + TR; TR = 200, T = 400; G = 400; 1 = 600. What is the equilibrium income? Select one: O a. 1600 O b. 3700 O c. 6700 O d. 6200 O e. 5700
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