Assume:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume
EX = 4 + 3EP*/P
IM = 8 + 0.1 (Y - T)- 2EP*/P
E = 3
P *= 1
P = 1.5
Find equilibrium Y.
Correct Answer:
Verified
Y =...
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