3. Given the following information, S=-200 +0.3Y 1100 a. Calculate the national income equilibrium by using the Leakage-Injection approach. b. Calculate the value of saving. c. Draw the aggregate expenditure graph.

3. Given the following information, S=-200 +0.3Y 1100 a. Calculate the national income equilibrium by using the Leakage-Injection approach. b. Calculate the value of saving. c. Draw the aggregate expenditure graph.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 4TY

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Question

3.
Given the following information,
S= -200 + 0.3Y
I= 100
a. Calculate the national income equilibrium by using the Leakage-Injection approach.
b. Calculate the value of saving.
c. Draw the aggregate expenditure graph.
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