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econ 203 lab 3 question 5.c c) A closed economy without a government sector is described by the following equations: Consumption: C = 100 +

econ 203 lab 3 question 5.c

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c) A closed economy without a government sector is described by the following equations: Consumption: C = 100 + 0.5Y Investment: I = 50 The equilibrium level of real income (Y) for this economy is: O 300 O 150 O 200 O unknown because the information given is incomplete

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