Question
Suppose that the economy is characterized by the following behavioralequations: C = 140 +0.80 YD I = 110 G = 100 T = 100 a.
Suppose that the economy is characterized by the following behavioralequations:
C= 140 +0.80YD
I = 110
G= 100
T= 100
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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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
