Assume in a closed economy:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume the economy is open

Name: Assume in a closed economy: C = 50 + 0.6 (Y - T) G = 15 I = 15 T = 2 (a)Calculate Y at equilibrium (b)Calculate C (c)Assume the economy is open
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

The Answer of Assume in a closed economy:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume the economy is open

Assume in a Closed Economy