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Suppose a closed economy has an aggregate consumption function given by C = 250 + 0.75Yd and generates $2600 output and income in equilibrium.Suppose also
Suppose a closed economy has an aggregate consumption function given by C = 250 + 0.75Yd and generates $2600 output and income in equilibrium.Suppose also that the government collectsa lump-sum tax of 400.
How much will the private sector be saving total in equilibrium?
(round your answer to the nearest whole value)
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