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Given that ,, Given that, C = 450 + 0.7Y^d,whereI = 600 , G = 700, X = 200, M= 600 taxrate = 20%or 0.02
Given that,,Given that, C = 450 + 0.7Y^d,whereI = 600 , G = 700, X = 200, M= 600 taxrate = 20%or 0.02where Y^d= Y - tY
i) Calculate for the equilibrium income (Y_e)
ii) Determine the consumption (C) level
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American Political Economy In Global Perspective
Authors: Harold L Wilensky
1st Edition
1139227920, 9781139227926
