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You are given the following data concerning Bertlandia: answer the following questions.Consumption function: C=10000 + .85YInvestment Function: I=10,000AE= C+IAE= Y1) What is the MPC in
You are given the following data concerning Bertlandia: answer the following questions.Consumption function: C=10000 + .85YInvestment Function: I=10,000AE= C+IAE= Y1) What is the MPC in Bertlandia, and what is the MPS? Determine equilibrium income.2) What is the value of the investment and tax multiplier?
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