The following information is for a private closed economy, where Ig is gross investment, S is saving, and Y is gross domestic product (GDP) .Ig = 80 S = -80 + 0.4Y
Refer to the above information.In equilibrium, consumption will be:
A) $400.
B) $280.
C) $320.
D) $360.
Correct Answer:
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Q227: In a private closed economy, the equilibrium
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Ig =
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A)horizontal.
B)vertical.
C)downward
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