Question 32 Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. All dollar figures are in billions. 1. equilibrium condition is Y = C + I 2. marginal propensity to save = 0.20 3. the autonomous part of C is $50 4. investment is autonomous and equals $25

Question 32 Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. All dollar figures are in billions. 1. equilibrium condition is Y = C + I 2. marginal propensity to save = 0.20 3. the autonomous part of C is $50 4. investment is autonomous and equals $25

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 6P

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