Consider the following multiplier model diagram:
Is the income level of Y₀ an equilibrium level of income? If yes,explain why.If not,explain how the economy will get to equilibrium.

Question

Consider the following multiplier model diagram: Is the income level of Y₀ an equilibrium level of income? If yes,explain why.If not,explain how the economy will get to equilibrium.

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The Answer of Consider the following multiplier model diagram: Is the income level of Y₀ an equilibrium level of income? If yes,explain why.If not,explain how the economy will get to equilibrium.

Consider the Following Multiplier Model Diagram