The Canadian economy can be characterized by Equation 9.2.
EQUATION 9.2:
C = 500 + 0.5Yd
Taxes = 600
Equilibrium Output = $4,000
-Refer to Equation 9.2. At equilibrium, government purchases in Canada is
A) $1,500.
B) $1,250.
C) $1,000.
D) cannot be determined from the given information
Correct Answer:
Verified
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