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I=1000 G=2000 mpc=0.6 An economy is described by the following equations: C =C+ mpc(Y - T), where C = 4,500, mpc = see above, I

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I=1000

G=2000

mpc=0.6

image text in transcribed
An economy is described by the following equations: C =C+ mpc(Y - T), where C = 4,500, mpc = see above, I = see above, G = see above, NX = -100, T = 1, 900, TR = 0, u* = 5%, 7] = 2%

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