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Consider the following numerical model: C = 800 + 0.5YD I = 0.25Y-3000i+600 G = 1200 T = 800 3) When the interest rate is
Consider the following numerical model:
C = 800 + 0.5YD
I = 0.25Y-3000i+600 G = 1200
T = 800
3)When the interest rate is 0.75%, the equilibrium output level, Y, is A) 12250.
B) 8890.
C) 8250.
D) 4000.
E) none of the above.
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