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Given: c= 0.75 y = $40 W =$32 I = $3,600m G= $3,600m Labor force = 800m hours a) N* = ? b) Y* =?

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Given: c= 0.75 y = $40 W =$32 I = $3,600m G= $3,600m Labor force = 800m hours a) N* = ? b) Y* =? Suppose government decides to not engage in deficit spending (B= 0) c) What's the new equilibrium level of employment? d) What's the new equilibrium level of output

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