Answered step by step
Verified Expert Solution
Question
1 Approved Answer
given the following information regarding the goods market, answer the question that follows. autonomous consumption =r200 million investment spending=r100 million government spending =r300 million taxes=
given the following information regarding the goods market, answer the question that follows. autonomous consumption =r200 million investment spending=r100 million government spending =r300 million taxes= r60 million marginal propensity to consume=0.75 full employment level of income=2460 million The equilibrium level of income and output is ............. and to reach the full employment level of income and taxes must decrease by.........
2580 million, 40 million
2220 million, 80 million
2160 million, 100 million
222p million, 60 million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started