Question 17 (1 point) Assume that: C = 500 + .75Yd I =300, t = 0.2...

Question

Question

business economics

Answer 1

Answer #1

At equilibrium, Y = C + I + G

Y= 500 + 0.75(Y-0.2Y) + 300 + 600

Y= 1400 + 0.6Y

Y= 3500

Equilibrium level of output is 3500

Answer 2

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