In step 4, when answering question c, isn't Y= AE = C+I+G? where C is consumption (which we have the formula for), I is investment and G is government spending. When we insert the consumption formula in to the equation, then I+G will be 680? Is this not so?
In step 4, when answering question c, isn't Y= AE = C+I+G? where C is consumption (which we have the formula for), I is investment and G is government spending. When we insert the consumption formula in to the equation, then I+G will be 680? Is this not so?
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
Problem 2TY
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In step 4, when answering question c, isn't Y= AE = C+I+G?
where C is consumption (which we have the formula for), I is investment and G is government spending. When we insert the consumption formula in to the equation, then I+G will be 680? Is this not so?
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