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Given the information below, determine the change in the equilibrium GDP if a 1% increase in the interest rate causes planned investment to fall
Given the information below, determine the change in the equilibrium GDP if a 1% increase in the interest rate causes planned investment to fall by $100. (Round your answer to a whole number.) Type your response Y=C+I+G C = 300+ 0.6(Y - T) I = 500 G = 700 T = 800+.2Y
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Using And Interpreting Statistics
Authors: Eric W. Corty
2nd Edition
1429278609, 978-1429278607
