Question
MACROECONOMICS C = $100 + 0.8Y I = $200 G = $250 X = $100 - 0.2Y 1.) What is the equilibrium level of real
MACROECONOMICS
C = $100 + 0.8Y
I = $200
G = $250
X = $100 - 0.2Y
1.) What is the equilibrium level of real GDP?
2.) What is the new equilibrium level of real GDP if government spending increases by $150?
3.) What is the new equilibrium level of real GDP if government spending and taxes both increase by $150?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
