Question
The economy is described by the following equations: Y = C + I + G (no trade) Y = 3,000 G = 1,200 T =
The economy is described by the following equations:
Y = C + I + G (no trade)
Y = 3,000
G = 1,200
T = 1,200
C = 600 + 0.5*(Y-T)
I = 1,200 - 60r
In equilibrium, total savings (that is, the sum of public and private savings) equal:
None of the other answers
400
300
250
350
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Business Law Principles For Today's Commercial Environment
Authors: David P Twomey, Marianne M Jennings
2nd Edition
0324303947, 9780324303940
