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The question is as follows: (2.6. In the Keynesian cross, assume that the consumption function is given by C = 200+0.75 (Y T). Planned investment

The question is as follows:

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(2.6. In the Keynesian cross, assume that the consumption function is given by C = 200+0.75 (Y T). Planned investment is 100, and government purchases and taxes are also 100. a. What is the equilibrium level of income? b. What level of government purchases is needed to achieve an equilibrium income of 1600

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