Question
Suppose that the economy is characterized by the following behavioralequations: C = 140 +0.70 YD I = 190 G = 200 T = 150 a.
Suppose that the economy is characterized by the following behavioralequations:
C= 140 +0.70YD
I = 190
G= 200
T= 150
a. Equilibrium GDP (Y) = (Round your response to two decimal places.)
b. Disposable income (YD) = (Round your response to two decimal places.)
c. Consumption spending (C) = (Round your response to two decimal places)
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
