Question
Given the following information about hypothetical economy C=500+0.75y I=400 G=700 T=300 Calculate equilibrium level of output and consumption If government spending is cut by 200
Given the following information about hypothetical economy
C=500+0.75y
I=400
G=700
T=300
Calculate equilibrium level of output and consumption
If government spending is cut by 200 what would be the change in output and income
Wat is the size of government expenditure multiplier on output 1 in above
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
