You are given the following information on the macroeconomy:
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million.

Question

You are given the following information on the macroeconomy:  
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million.

Quizplus · Accepted Answer

The Answer of You are given the following information on the macroeconomy:  
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million.

You Are Given the Following Information on the Macroeconomy