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The information below represents values for the various market participants. C = $25 + 0.75Yd I g = $50 G = $70 X = $140
The information below represents values for the various market participants.
C = $25 + 0.75Yd
Ig = $50
G = $70
X = $140
M = $130
- Assuming that the full-employment level of output is $500:
- what kind of gap exists?
- What is the size of the gap?
- How much are consumers saving at full employment?
- What is the equilibrium value for a public open economy?
- What is the equilibrium value for a public closed economy?
- What is the value of our multiplier?
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