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Suppose that the economy is depicted by the fallowing relationships:?
Whats the blank and how do you solve it?
Suppose that the economy is depicted by the fallowing relationships:
where: C=$100+0.75(Y-T) Expenditures= C+I+G+X
G=$700
T=$700
I=$300
X=$250
The economy is in equilbrium at level of real GDP or income of $_________
1 AnswerEconomics8 years agoReal Autonomous Consumption?
The multiplier in a country is equal to 2.5, and
households pay no taxes. At the current equilibrium
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What is real autonomous consumption in this
country?
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