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he following is information for the economy of Tandor, where taxes are wholly autonomous: C = 80 + 0.75Y D where Y D = (Y
he following is information for the economy of Tandor, where taxes are wholly autonomous:
C = 80 + 0.75YDwhere YD= (Y - T)G= T = 340I= 100XN= 107 - 0.15Y
a. The value of equilibrium incomeis $.
b. At equilibrium, the amount of the budget
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balance
deficit
surplus
is $.
c. If government increased both its spending and taxes by $40, the new equilibrium income would be $.
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