Question
Suppose that the economy is characterized by the following behavioralequations: C =180+0.70 YD I =160 G =200 T =120 What is the equilibrium GDP (
- Suppose that the economy is characterized by the following behavioralequations:
C=180+0.70YD
I=160
G=200
T=120
What is the equilibrium GDP (Y)?(Round to two decimalplaces.)
What is the level of disposable income (YD)?(Round to two decimalplaces.)
What is the level of consumption spending (C)?(Round to two decimalplaces.)
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
