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Suppose that the economy is characterized by the following behavioralequations: C = 160+0.7 YD I = 140 G = 150 T = 100 a. Equilibrium
Suppose that the economy is characterized by the following behavioralequations:
C= 160+0.7YD
I= 140
G= 150
T= 100
a. Equilibrium output (Y) = (Round your response to the nearest integer.)
b. Total demand (Z) = (Round your response to the nearest integer.)
c. Total demand is __________ production.
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