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In the Keynesian cross, assume that the consumption function is given by C = 500 + 0.8 (Y - T) Planned investment is I =
In the Keynesian cross, assume that the consumption function is given by
C = 500 + 0.8 (Y - T)
Planned investment is I = 1000 - 50r
Government purchases and taxes are both 1000.
Please check my answer below, I don't if they are right or wrong. Thanks!
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