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The following is information for the economy of Tandor, where taxes are wholly autonomous: C = 6 0 + 0 . 6 YD where YD
The following is information for the economy of Tandor, where taxes are wholly autonomous:
C YD where YD Y T G T
I XN Y
a The value of equilibrium income is $
b At equilibrium, the amount of the budget
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is $
c If government increased both its spending and taxes by $ the new equilibrium income would be $
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