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In a closed economy with no government intervention, the following information is provided. C = 5000 + 0.8Y Autonomous investment is constant at 3000 units.

In a closed economy with no government intervention, the following information is provided.

C = 5000 + 0.8Y

Autonomous investment is constant at 3000 units. Induced investment is given by the equation I = 0.1Y

i)At what level of income will S = I?

ii)Suppose that autonomous investment was to increase by 2000 units. At what level

of income would S = I?

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