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

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

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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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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