Answered: 14. Find the equilibrium level of GDP…

14. Find the equilibrium level of GDP in an economy in which investment is always 200 and the consumption function is C = 120 + 0.6Y. 7000 800 700 8000

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.6P

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14. Find the equilibrium level of GDP in an economy in which investment is
always 200 and the consumption function is C = 120 + 0.6Y.
7000
800
700
8000

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