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Suppose that the economy is characterized by the following behavioralequations: C = 140 +0.7 YD I = 130 G = 150 T = 100 a.
Suppose that the economy is characterized by the following behavioralequations:
C= 140 +0.7YD
I = 130
G= 150
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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