Question
In Kynesian cross model, assume that consumption function is given by; C=200+0.15(Y-T); Investments is 100, Government expenditure are 100 and taxes are 100.Draw a graph
In Kynesian cross model, assume that consumption function is given by; C=200+0.15(Y-T); Investments is 100, Government expenditure are 100 and taxes are 100.Draw a graph of planned expenditure as a function of income.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
