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The economy of Playconomics has households, firms, and government. In addition, the economy is also connected with the rest of the world through trade. Households
The economy of Playconomics has households, firms, and government. In addition, the economy is also connected with the rest of the world through trade. Households are represented by the following: C= co+ q(1-t)y Firms are represented as organisations that invest in physical capital I = 1000 - 12500(r) The spending is represented by: G = G The country's relationship with the rest of the world is represented by the following: X =X M = M' + my Assume the economy of this country is in equilibrium. The equation for this equilibrium level of income is: Select one: O a Y = (CO+1+G+X-MY/(1-C1 (1-1)+m) O b. Y = (co+1+G+X-MY/(1+c1 (1-1)-m) O G Y = (CO+1+G-X-M) /(1+c1 (1-1)+m) O d. Y = (CO+1+G-X+MY/(1+c, (1 +t)-m) De Y= (CO+1+G-X+MY/(1-Cq (1+1)+m)
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