The economy of Bananaland can be characterized by Equation 9.3.
EQUATION 9.3:
C = 2,000 + 0.75Yd
T = 200
G = 400
I = 500
-Refer to Equation 9.3.The equilibrium level of income in Bananaland is
A) 4,800.
B) 5,600.
C) 10,000.
D) 11,000.
Correct Answer:
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