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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 23
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If the consumption function is C = 100 + 0.75 Y D, I = 200, government spending is 200, and net exports are zero, what will be the equilibrium level of output? What happens to aggregate output if government spending rises by 100?
If the consumption function is C = 100 + 0.75 Y D, I = 200, government spending is 200, and net exports are zero, what will be the equilibrium level of output? What happens to aggregate output if government spending rises by 100?
Explanation
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The equilibrium level of output ( Y ad )...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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