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Given the following information, what is the value of equilibrium income and the equilibrium current account? Current Account 400 (0.4 x Y) Private Saving 0.1

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Given the following information, what is the value of equilibrium income and the equilibrium current account? Current Account 400 (0.4 x Y) Private Saving 0.1 xY Investment Spending 700 Govemment Spending 800 Taxes 500 O A. Equilibrium income is 2,240 and the equilibrium current account is -496 O B. Equilibrium income is 3,360 and the equilibrium current account is - 944 O C. Equilibrium income is 2,800 and the equilibrium current account is - 720 O D. Equilibrium income is 2,360 and the equilibrium current account is - 552 5 When there is a change in government spending or taxes to affect aggregate economic activity, this is referred to as O A. monetary policy. 15 O B. political posturing. O C. fiscal policy. O D. aggregate policy. When the money supply is changed to affect aggregate economic activity, this is referred to as O A. political posturing. O B. monetary policy. O C. aggregate policy. O D. fiscal policy

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