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Suppose the consumption function is C = 50 + 0.60Y and the investment is I = 80 then a. Find the equilibrium level of income.

Suppose the consumption function is C = 50 + 0.60Y and the investment is I = 80 then

a. Find the equilibrium level of income.

b. Find the equilibrium level of consumption.

c. Find the equilibrium level of savings.

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