Macroland, a closed economy with no government sector, and with fixed price level and interest rate. Fill-in the blank in the following table, then answer the following question. GDP Yd Iplanned Iunplanned 20 22 30 50 30 80 30 100 70 30 The income-expenditure equilibrium for Macroland is: 100 O 300 500

Macroland, a closed economy with no government sector, and with fixed price level and interest rate. Fill-in the blank in the following table, then answer the following question. GDP Yd Iplanned Iunplanned 20 22 30 50 30 80 30 100 70 30 The income-expenditure equilibrium for Macroland is: 100 O 300 500

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 1.4P

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