Given the data below, solve questions a-d C o=100 I o=500 G o=700 NX o=100 t=.15 c=.7
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Question:
Given the data below, solve questions a-d
Co=100
Io=500
Go=700
NXo=100
t=.15
c=.7
a.Solve for the equilibrium level of Y
b.Solve for the equilibrium level of C
c.Solve for the equilibrium level of S
d.Let Y* equal $4,000, using fiscal policy move the economy to Y*
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